Roughly four years in, Rochester, Minn.-based Mayo Clinic is more than halfway to completing its $3 billion private fundraising campaign, according to a Florida Times-Union report.
The system launched the campaign with a quiet phase in 2010 and set it to close Dec. 31, 2017. Contributions are from private benefactors, and so far, Mayo has achieved 58.5 percent of its goal.
Cheryl Hadaway, Mayo's chief development officer, said the campaign "addresses reliable funding as the biggest barrier to medical breakthroughs," according to the report. Medical research has been funded by government organizations to a large extent, but she said those sources no longer cover "cutting-edge research" in a reliable way, as research funding, accounting for inflation, has diminished over time.
The money raised will be used to fund clinical applications of new medical techniques and support medical education.
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