Eli Lilly and Company Foundation Invests $1 Million in New Medical Facility
Marian University recently received a $1 million gift from Eli Lilly and Company Foundation to support construction of the university’sCenter for Health Sciences and the Healing Arts, a new 140,000 square foot building that will house the university’s School of Nursing and the new college of osteopathic medicine.
“Eli Lilly and Company Foundation is deeply interested in improving health care, especially for the underserved,” said the foundation president, Robert L. Smith. The university’s college of osteopathic medicine, which is slated to open in the fall of 2013, will enroll 150 students each year, many of whom will become primary care physicians. Indiana will be short 5,000 physicians by 2020, and will need 2,000 more primary care physicians. In Indiana, 57 of the 92 counties are medically underserved.
“We are grateful for the Eli Lilly and Company Foundation’s support of this important initiative to educate more osteopathic physicians, which in turn helps make this community a better place to live,” said Marian University’s president, Daniel J. Elsener. He went on to say that this investment in a second medical school for Indiana is a reminder that Eli Lilly not only provides innovative medicine to improve the lives of millions of people around the world, but also provides resources for the broader issues of healthcare, education, economic development, and social well-being. The wealth created by this innovative company, and the magnanimous generosity that the Lilly family, employees, and company have made to improve the lives of others is simply without equal in Indiana.
The four story building was designed to LEED Gold standards (LEED is an internationally recognized green building certification system developed by the U.S. Green Building Council) by Indianapolis architectural firms Schmidt Associates and BSA LifeStructures. Key features include a white roof, rain gardens to manage storm water, bike racks and lanes to support alternative transportation, and building materials selected to emphasize recycled sources. In addition, the demolition of existing buildings on the site will emphasize reclaiming as much of those materials as possible for recycling.
Construction of the new building, expected to begin this summer, is expected to create approximately 318 direct construction jobs, and an additional 185 jobs in central Indiana. When the building opens in 2013, the economic impact on the metro area will be nearly $29 million. Once the college is fully operational in 2016, the annual economic impact will be over $45 million.
“Clearly, the college of osteopathic medicine and our new Center for Health Sciences and the Healing Arts will be a game-changer in Indiana for the healthcare industry and for the Hoosier economy,” said Elsener.
Fundraising for the university’s health and life science initiative, which includes the new building, college of osteopathic medicine, technology, and scholarships is progressing. The needs surrounding this project are in excess of $120 million; as of March 1, the university had raised $81 million; the building cost is $50 million. Eli Lilly and Company Foundation joins many other organizations in making significant gifts to the medical school project, including: Community Health Network $5 million giftSt.Vincent Health $5 million giftHill-Rom, $1 million cash gift and state-of-the-art equipmentSuburban Health Organization $300,000 giftLast year two anonymous pledges of $30 million and $18 million were announced to kick off the funding efforts.