Mayo Clinic receives $200M gift

A philanthropist has given $200 million to Mayo Clinic in what is the largest-ever donation to the nonprofit hospital system.

Jay Alix, of Birmingham, Michigan, is founder of the turnaround consultancy firm AlixPartners and the philanthropist behind the endowment gift. The money is designated to Mayo Clinic School of Medicine, which will be renamed Mayo Clinic Alix School of Medicine.

The gift will expand scholarship opportunities, spur innovation in the school’s curriculum and establish a professorship, according to a press release.

Alix is a Mayo Clinic patient, member of the board of trustees and co-chair of Mayo’s global advisory council.

“Genetics, artificial intelligence, virtual and augmented reality and other technologies are transforming medical research, education and practice,” Alix said in a statement. “This gift will further enable Mayo’s medical school to recruit the best medical students and to create a curriculum that trains them to harness evolving radical advances in medical science and technology to the greatest benefit of patients.” 

The gift was announced on the heels of another major donation in the medical school space, after The Blavatnik Family Foundation pledged $200 million to Harvard Medical School.