Exclusive: University of Sydney to build $478 million medical precinct after record donation haul | lucy_carroll
The University of Sydney will pour half a billion dollars into a new medical precinct, a record capital investment bringing 1200 researchers and seven science schools together under one roof.
A record $73 million in funding for the facility will come from philanthropic donations. The Susan and Isaac Wakil Foundation is donating $20 million, making it the biggest named donor to the university in its 170-year history. University of Sydney chancellor Belinda Hutchinson and donor Isaac Wakil in his home with a model of part of the proposed new building.
Chancellor Belinda Hutchinson said the Wakils were “extraordinary philanthropists that have now gifted [the university] more than $66 million, which is the largest named donation to a single institution in NSW history”. Scott said the venture will link “scientific and clinical minds with entrepreneurs, industry and government” to tackle complex health challenges, including cancer and neurodegenerative diseases using nanotechnology and gene and stem cell therapy. About $143 million in separate funding for the facility was announced by the state government in June.
“Increasingly universities are looking for partners to help change the world through research and that’s where you are finding philanthropic partnership takes place. It is very different to donating a hall.”
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ban old trucks from big cities to save lives: GrattanOld trucks should be banned from Sydney and Melbourne to reduce Australians’ exposure to deadly air pollution, according to a newv Grattan Institute report.
Read more »
States bracing as almost 60-year weather record smashed in SydneySydney has had more than two metres of rain dumped on it for the first time in close to 60 years – in just eight months. And another 200mm will make it the wettest on record. 9News
Read more »
'Break the stigma': Blood donations encouraged for migrants in Australia amid world record attemptAustralians have taken part in an attempt to set the first world record for the most participants taking part in a blood drive in a single day:
Read more »