Yale University announced Thursday that it will create an endowment fund totaling $250 million to support the development of future leaders in medicine, nursing and public health.
Over the next five years, Yale will provide a total of $150 million in endowment to match endowment funds that will be raised by Yale School of Medicine, Yale School of Nursing, and Yale School of Public Health, wrote the President Peter Salovey and Provost Scott Strobel. in a message to the university community. Each school will receive up to $50 million in matching funds.
“Over the past two years, the pandemic has put enormous pressure on the workforce in these fields and increased the need for public health experts and medical professionals around the world,” Salovey wrote. and Strobel. “Healthcare professionals – including our colleagues at Yale School of Medicine (YSM), School of Nursing (YSN) and School of Public Health (YSPH) – have worked with great courage and dedication to save lives; developing COVID vaccines, treatments and tests; and inform health policy.
“Their expertise will be even more critical as we recover from this pandemic and prepare to deal with the adverse health effects of new and existing infectious and chronic diseases, inequities in health care, scarcity of resources and other pressing challenges. Yale is committed to helping meet the global demand for leaders who can guide individuals and communities to better health.
The new investment will support financial aid and other educational initiatives at all three schools, the post said. And it will address some of the challenges made salient by the pandemic, including the shortage of health professionals and the need for greater diversity in medicine, nursing and public health. Distribution of these endowment funds will improve scholarships and increase access to Yale’s three professional schools focused on improving health, promoting progress in health equity, and improving quality of care. health for all.
“Increasing philanthropy to advance our goal of student debt reduction is a priority,” said Dr. Nancy J. Brown, Jean and David W. Wallace Dean of YSM and CNH Long Professor of Internal Medicine. “These matching funds will inspire our donors.
Ann Kurth, YSN Dean and Linda Koch Lorimer Professor of Nursing, called the commitment “a clear confirmation from the university of the Yale School of Nursing’s contribution to campus, the country, and the world.” whole “.
She continued, “YSN celebrates its centenary in 2023, and we are grateful to incorporate this extraordinary investment into our work as we look ahead to the next 100 years. The endowment match means we can aim even higher to extend the impact and reach of what our students, alumni, staff and donors do – to answer the world’s call for better health.
Yale will also provide a one-time $100 million addition to YSPH’s endowment to eliminate its structural deficit and the grant it receives from YSM, Salovey and Strobel said.
In a separate message Thursday, Yale said it would reorganize YSPH as a stand-alone vocational school rather than a department within YSM. These endowment funds will be made available upon the arrival of its next dean, at which time the school will have independent responsibility for its budget.
“Matching donations present an exciting challenge for the wider YSPH, YSM and YSN communities,” said Dr. Sten Vermund, Anna MR Lauder Professor of Public Health, who plans to return to full-time teaching and research as as a faculty member at the end of their term on June 30, 2022. “As each school raises a $50 million endowment from its current and future donors, this generous and historic $50 million endowment from the university will truly transformative work in preparing the next generation of healthcare professionals in public health, medicine and nursing.
Calling the moment “historic,” Salovey and Strobel said Yale will help the school build on its immense contributions to public health over the past century, and the changes ahead will help YSPH transform health. local and global through innovative and collaborative education, research, and practice.
“As we emerge from the current public health crisis, we can create a more resilient and equitable future by supporting the next generation of healthcare professionals,” they wrote. “The university’s commitment to developing future leaders in nursing, medicine and public health will benefit not only the residents of this country, but the well-being of everyone around the world.”