Mass General Hospital Raises $1B For New Building

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Massachusetts General Hospital has raised $1 billion as part of its $1.5 billion fundraising campaign, which will support a new $579 million 10-story glass and steel tower scheduled to open summer 2011, according to a Boston Globe report.

"The Campaign for the Third Century of MGH Medicine" began in 2005 and coincides with Mass General's bicentennial in 2011. If the $1.5 billion goal is reached, the hospital will set a New England record and surpass the Dana-Farber Cancer Institute's fundraising campaign, which  just wrapped up in September after raising a record $1.18 billion, according to the report.

Peter and Paula Lunder of Waterville, Maine, pitched in $35 million and the new tower will be named in their honor. Affluent philanthropists, such as Bill and Melinda Gates, donated 135 separate gifts of $1 million or more, according to the report. Many donors put forth the money for specific research or care purposes, such as AIDS research or PTSD treatment for Middle East war veterans, according to the report.

The 10-story Lunder Building will increase the number of hospital beds by nearly 20 percent, add 19 operating rooms and include a state-of-the-art, spacious emergency room, according to the report.

Read the Boston Globe story about Mass General's record-setting fundraising campaign.

Read more about Massachusetts hospitals:

-50 Top Grossing Hospitals in America

-Hospital Leader to Know: Dr. Peter Slavin, CEO of Massachusetts General Hospital

-Massachusetts Aims to Reduce Healthcare Costs By Slowing Hospital Expansion Projects

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