UT Health Science Center San Antonio exceeds 10-year capital campaign goal

UTHSA_logoPresident William L. Henrich, M.D., MACP, of The University of Texas Health Science Center at San Antonio recently announced the official conclusion of the university’s 10-year Campaign for the Future of Health with a final tally of $607 million – far exceeding the $500 million goal.

In 2004, the UT Health Science Center San Antonio launched the historic Campaign for the Future of Health with the goal of enhancing the environment for discovery in the biosciences and building the university endowment to support the university’s vital missions of research, education, patient care and community service.

The generosity of 14,123 donors who contributed 42,327 gifts and raised $607 million allowed the Health Science Center to reach its decade-long goal.

Dr. Henrich said he is humbled by the outpouring of generosity in time and financial resources from donors and community leaders.

“I am inspired by their dedication to improving the future of health. The byproduct of their efforts is hope, and the beneficiaries are our patients and students,” Dr. Henrich said. “With our faculty and students, we tread with unwavering resolve on our quest to make lives better. On the horizon is our vision for a future of health that is filled with promise. Our journey has just begun.”

John T. Montford, chair of the Campaign for the Future of Health, said the bold vision that the Health Science Center and the President’s Development Board undertook in launching the capital campaign has been realized.

“Together, we surpassed our transformational half-billion-dollar goal and have left a mark that will make lives better for generations to come,” Montford said. “Through the generosity of every donor, the university is positioned to rank among the most preeminent universities in the nation and to advance our distinct missions of education, biomedical research, patient care and community service.”

Montford said the Health Science Center has earned its place as the chief catalyst for San Antonio’s $29.2 billion biosciences and health care industry. “The UT Health Science Center continues to impact the city’s economy in a substantial way through the competitive jobs it creates and the biomedical research discoveries that ease suffering and improve health,” he added.

The campaign picked up momentum in 2007 with a $25 million lead gift from The Greehey Family Foundation. This initial gift allowed the creation of the Greehey President’s Endowment for Excellence in Children’s Health Sciences and supports cancer research and educational and community programs benefiting children, especially those in greatest need. In 2013, a $5 million gift from the Greehey foundation pushed the campaign over its $500 million goal.

In 2008, philanthropists Joe R. and Teresa Lozano Long made a transformational gift of $25 million to the Health Science Center. The Joe R. and Teresa L. Long Scholarship Research and Teaching Fund is an endowment supporting more than 50 students each year in medicine, nursing, graduate biosciences and physician assistant studies. It also supports faculty and research programs. This gift established the largest endowment in the history of the university and named the Joe R. and Teresa Lozano Long Campus.

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The University of Texas Health Science Center at San Antonio, one of the country’s leading health sciences universities, ranks in the top 3 percent of all institutions worldwide receiving National Institutes of Health funding. The university’s schools of medicine, nursing, dentistry, health professions and graduate biomedical sciences have produced more than 29,000 graduates. The $765 million operating budget supports eight campuses in San Antonio, Laredo, Harlingen and Edinburg. For more information on the many ways “We make lives better®,” visit www.uthscsa.edu.

Padgett Stratemann named 106th largest accounting firm in the United States by Accounting Today Magazine

Padgett Stratemann & Co.Padgett, Stratemann & Co., LLP (PS&Co.), one of Texas’ premier CPA and business advisory firms, has been named the 106th Largest Accounting Firm in the United States by Accounting Today magazine, a leading provider of online business news for the tax and accounting community, in its 2014 Beyond The Top 100: Firms To Watch list.

top100firmsIn addition, the firm ranked as the Fourth Largest CPA Firm in the Southwest, which spans Arizona, New Mexico, Oklahoma, and Texas. Overall, firms on this list saw an 11.03% increase in revenue, due mostly to the booming oil and gas and energy industries.

“It is an honor to be ranked as one of the top accounting firms, both in the United States and in our region, said John Wright, PS&Co.’s Managing Partner. “We take pride in offering Service. More Than Expected to our clients and owe our continued growth to our team’s focus on service and exceeding our client’s expectations.”

The Accounting Today 2014 lists were developed based on both revenue and number of employees. To view the entire Accounting Today publication, click here.