The single largest investment in the hospital's history will create the Rady Reimagine Fund in support of capital project priorities detailed in the hospital's master plan, which was developed in 2018. Planning on those projects is expected to be completed by June 2021, with construction scheduled to begin shortly thereafter. When fully matched by contributions from other supporters of the hospital, the total impact of the Radys' gift could exceed $400 million.
The commitment brings to nearly $400 million the couple's total support for Rady Children's — including a $60 million naming gift in 2006 to support an expansion of its facilities and programs, $120 million in 2014 to establish the Rady Children's Institute for Genomic Medicine, and annual matching gifts. The Rady family also has made gifts totaling more than $140 million to the University of California, San Diego, which is affiliated with Rady Children's, and in recent years has pledged $20 million to the San Diego Zoo, $20 million to Jewish Family Services, and $50 million to the Salvation Army of San Diego.
"It is my hope that the community will be inspired to join us and invest in keeping kids healthy," said Ernest Rady, founder, president, and CEO of American Assets Trust and, with his wife, a signatory to the Giving Pledge. "Our most vulnerable population deserves strong advocates. It's up to our community to make sure every child has the best possible care available."