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UAMS receives $33m from Reynolds Foundation.

The Donald W. Reynolds Foundation last week presented a $33.4 million gift to the University of Arkansas for Medical Sciences Donald W. Reynolds Institute on Aging, the second-largest gift ever awarded to UAMS.

Most of the funds, $30.4 million, will pay for construction of four additional floors (55,000 SF) on top of the existing Reynolds Institute and a pedestrian walkway that will connect the building to the Jackson T. Stephens Spine & Neurosciences Institute a block away.

The presentation was made at a ceremony on the UAMS campus by Reynolds Foundation Chairman Fred W. Smith and foundation President Steven L. Anderson to Reynolds Institute Director Dr. Jeanne Wei and UAMS Chancellor I. Dodd Wilson.

"Our goal in making the original grant to UAMS was the establishment of a world-class department of geriatrics," Smith said. "We believe that goal has been realized. Now we have challenged Dr. Wei and Dr. Wilson to take the next step and develop the Donald W. Reynolds Department of Geriatrics and Reynolds Institute on Aging into a world-renowned center."

The Reynolds Foundation also awarded $3 million to the Arkansas Aging Initiative, a program of the UAMS Reynolds Institute on Aging that oversees eight Centers on Aging across Arkansas.

The $30.4 million gift was given on condition that the Reynolds Institute on Aging raise an additional $5.6 million through other sources as a restricted fund to support its programs.

Wei, who also serves as chairman of the Reynolds Department of Geriatrics at UAMS, said she hopes to begin construction on the expansion in mid-2010.

The existing Reynolds Institute on Aging facility is 101,000 SF. Its construction was made possible as part of a $29.7 million investment from the Reynolds Foundation in 1997. Not counting today's gift, the Reynolds Foundation has given UAMS $51.4 million, of which $48.1 million has gone to the Reynolds Institute on Aging.
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Title Annotation:HEALTH CARE
Author:Carter, Mark
Publication:Arkansas Business
Date:Jun 8, 2009
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