David Geffen Gives $46 Million for Medical Scholarships

David Geffen Gives $46 Million for Medical Scholarships

The University of California, Los Angeles has announced a $46 million gift from David Geffen to augment a fund he created in 2012 that provides full-ride scholarships to students attending the David Geffen School of Medicine.

Established in 2012 with a $100 million gift from the retired entertainment mogul, the David Geffen Medical Scholarships program has provided financial support covering 100 percent of tuition, room and board, books and supplies, and other expenses for up to thirty-three students annually since the 2013-14 academic year. The latest gift from Geffen will increase the number of students expected to receive awards by a hundred and twenty, to four hundred and fourteen, over a ten-year period. The first Geffen Scholars graduated in 2017 and the program is scheduled to sunset in 2026.

According to the university, the percentage of UCLA medical students graduating debt-free has nearly tripled since the scholarship program was created, from 17 percent in 2013 to 45 percent in 2019; 63 percent of all Geffen Scholars and 73 percent of the program's 2019 graduates are pursuing residency training in California, which is facing a physician shortage.

"The Geffen Scholars program is helping our medical students enhance their training with research and scholarly activities that prepare them to be leaders in health care," said John Mazziotta, vice chancellor for UCLA Health Sciences and CEO of UCLA Health. "In addition to practicing medicine, they will be game changers for their profession and experts in areas such as healthcare policy, medical innovation, and community well-being."

"David Geffen Adds $46 Million to Landmark Medical Scholarships Program." University of California, Los Angeles Press Release 12/02/2019.