P&S named in honor of Roy and Diana Vagelos
Today Columbia University announced a gift of $250 million from Dr. P. Roy and Diana Vagelos for its College of Physicians and Surgeons, bringing the couple’s total support for medicine at Columbia to more than $310 million. In honor of their contributions to science, medicine, and education, the College of Physicians and Surgeons will now officially be known as the Columbia University Roy and Diana Vagelos College of Physicians and Surgeons.
A major portion of this recent gift, $150 million, will endow a fund to help Columbia eliminate student loans for medical students who qualify for financial aid; approximately 20 percent of students will receive full-tuition scholarships.
“We think that this will make a really important impact on the future careers of our graduates, who will be able to follow their dreams, which was what I was able to do,” Dr. Vagelos told the New York Times.
The remaining $100 million will be divided equally to support precision medicine programs and basic science research as well as an endowed professorship. The gift brings the family’s personal support for medicine at Columbia to $310 million, including the donation they provided for the design and construction of the award-winning Roy and Diana Vagelos Education Center that our Capital Project Management team completed in 2016. Furthermore, with matching gifts included, the Vageloses have been responsible for about $450 million in philanthropy to the medical school.
Read the official announcement in the CUMC Newsroom.