NewYork-Presbyterian Receives $100M From David Koch

NewYork-Presbyterian Hospital, the 2,409-bed academic medical center located in the heart of Manhattan, has received a $100 million donation from business magnate David Koch to build a new ambulatory care center.

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Mr. Koch’s donation is the largest in NewYork-Presbyterian’s history and the lead gift within the hospital’s $2 billion capital campaign, of which $1.2 billion has been raised.

The facility, which will open in 2018, will be named the David H. Koch Center and will house various services, such as outpatient surgery, interventional radiology and multidisciplinary care for cancer and digestive diseases.

Mr. Koch, the fourth-richest person in the United States according to Forbes, is the co-owner and executive vice president of Koch Industries, a multinational corporation that has prompted some controversy due to its investments in fossil fuels and other commodities. Mr. Koch has served on NewYork-Presbyterian’s board of trustees since 1988.

More Articles on Hospital Donations:

NYU Langone Medical Center Receives $17M From Billionaire
Chuck Lauer: The Shameful State of Our Hospitals
Donations to Non-Profit Hospitals Hit Record High in FY 2011

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