Los Angeles-based Cedars-Sinai has raised $1 billion in a fundraising campaign to support medical research, clinical care and academic leadership.
The health system launched its fundraising campaign in 2018 and in the last three years received single donations of $100 million or more per year to reach the $1 billion milestone mark. The Shapell Guerin Family Foundation's $100 million-plus gift established the Cedars-Sinai's Cuerin Children's; the state of Susanne and Ervin Bard gave $143 million to support the health system's advanced health sciences pavilion; and Jim and Eleanor Randal gave $100 million in June to fund advances in surgery.
"Cedars-Sinai is making an indelible impact in the healthcare space on a local and global scale, and this is greatly attributed to our dedicated staff and community leadership," said James Lippman, fundraising campaign chair and immediate past chair of Cedars-Sinai board of directors. "Part of this enduring legacy is our fundraising campaign, which has seen four record-breaking years that will benefit the collective health of our treasured Los Angeles community."
Thomas M. Priselac, president and CEO of Cedars-Sinai, oversaw the health system throughout the successful campaign and plans to retire in October.
"My tenure has been dedicated to making a difference in the lives of the millions of people we are privileged to care for and to making a difference in the lives of the physicians and staff of Cedars-Sinai," said Mr. Priselac, the Warschaw Law Chair in Healthcare Leadership. "It's deeply and personally profound to appreciate what this historic, billion-dollar campaign has achieved and will continue to achieve for our exceptional institution."