A generous alumnus has donated $50 million to Columbia University's medical center.
The donation, a gift from P. Roy Vagelos and his wife, Diana, brings the total amount raised for the Columbia University Medical Center College of Physicians and Surgeons capital campaign to more than $1 billion.
The school has a rich history of educating some of the best doctors in the country. Founded in 1767 as the medical department of King's College – the original name of Columbia University – the College of Physicians and Surgeons was the first medical school in the United States to award the Doctor of Medicine, or M.D., degree to its graduates.
The money donated by the Vageloses will go toward the construction of a new medical and graduate education facility located on the university's Washington Heights campus, which will be named after the couple.
"When I first came to P&S sixty years ago, the facilities were first-rate, as many of them had just been recently built. Naturally, over time some of them have aged, and new technologies and teaching resources are now required to provide the best modern education opportunities," said Vagelos. "The new building will have the best possible design that is attractive, comfortable, and appropriate for the intense kind of education that our students receive … It will incorporate every aspect of medical and graduate education – updated in a modern, environmentally responsible way."
Vagelos has been dedicated to helping his alma mater for years. The alumnus, formerly chairman of the pharmaceutical company Merck, now serves as chair of Columbia University Medical Center's board of visitors and has campaigned to raise money for the college's programs and served as a mentor for faculty, students and staff ever since he graduated from the university.