David Geffen funds $100 million in UCLA scholarships

Donation promises debt-free education for selected med students

David Geffen has donated $100 million to UCLA to establish a scholarship fund for medical students.

The David Geffen Medical Scholarship Fund, announced Thursday by Dr. A. Eugene Washington, vice chancellor for health sciences and dean of UCLA’s medical school, aims to ensure that students of UCLA’s David Geffen School of Medicine graduate free of academic debt.

“The cost of a world-class medical education should not deter our future innovators, doctors and scientists from the path they hope to pursue,” Geffen said.

The annual cost of tuition, fees and health insurance for a UCLA med student totals approximately $38,000. The four-year cost of enrollment, including amenities such as room and board, is projected to reach more than $300,000 for students entering school in 2013-14.

Geffen’s $100 million scholarship fund will cover 100% of tuition, room and board, books and supplies and other costs for up to 33 medical students.

“With this game-changing gift, Mr. Geffen has invested in the medical education and training of some of the world’s brightest and most talented young people, influencing medical research and patient care for generations to come,” said UCLA chancellor Gene Block.

Geffen’s latest funding contribution follows a $200 million unrestricted donation the mogul made to UCLA in 2002. Geffen is now the largest individual donor to UCLA and to any single UC campus.

Students slate to receive scholarship funding include those entering for the 2013-14 school year and those pursuing an eight-year M.D.-Ph.D. All scholarships are awarded based on merit.

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