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USC’s Keck School Of Medicine Receives $150M Gift

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(credit: David McNew/Getty Images News)

(credit: David McNew/Getty Images News)

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LOS ANGELES (AP) — The University of Southern California has received a $150 million gift to boost scientific research at USC’s medical school and two affiliated hospitals.

It’s the second recent W. M. Keck Foundation gift to USC. Two years ago, the foundation gave $110 million to the Keck School of Medicine of the University of Southern California.

The latest gift was announced in a Monday news release.

The Keck money will be paid out over 20 years with the goal of raising the academic reputation of USC’s medical school now that the university has full authority over the 411-bed USC University Hospital and the 60-bed USC Norris Cancer Hospital.

USC bought the hospitals two years ago from Tenet Healthcare Corp.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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