Name: Medical College of Wisconsin
Assets Under Management: $961.8 Million (Source: Medical College of Wisconsin, Inc. on 6/30/2014)
Annual Report: MCW Audit Report Fiscal Year 2014
Portfolio Insights: “The Medical College of Wisconsin, Inc. (the College) is a private, freestanding medical college that includes 6 basic science departments, 22 clinical departments, and 12 centers and institutes, and offers medical and graduate degrees. The College performs research and maintains multi-specialty clinical programs in which faculty and staff physicians provide medical care.
Net assets subject to donor-imposed stipulations that are to be maintained permanently by the College. Generally, the donors of these assets permit the College to use all or part of the income earned on related investments for general or specific purposes.”(Source)
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Top Medical College of Wisconsin, Inc. Endowment Fund Headlines:
1) Sep 25, 2014 – The Medical College of Wisconsin will explore the feasibility of opening a pharmacy school and the location most likely would not be near Wisconsin’s two existing pharmacy schools, which are in Mequon at Concordia University Wisconsin and in Madison at the University of Wisconsin. The Medical College, which is based in Wauwatosa, likely would start its first class in 2018 and the initiative likely not involve new bricks-and-mortar, said president and CEO Dr. John Raymond. The Medical College likely will partner with an existing institution in the Green Bay or central Wisconsin areas, Raymond said in an interview.
Raymond said now is a perfect time for the Medical College of Wisconsin (MCW) to branch out from its century-plus mission of training physicians and scientists. That is because in today’s team-based health care field, non-physicians including pharmacists play a key role and coordinate care with doctors. (Source)
2) The Medical College of Wisconsin has created regional campuses in Green Bay and central Wisconsin. These bold initiatives will add about 60 new doctors per year, with the potential to address the entire gap of 100 per year by graded, responsible growth.
Wisconsin’s two medical schools have entered an era of unprecedented cooperation with each other and communities across Wisconsin. These partnerships are based on a clear understanding that we can accomplish more by working together to address the physician shortages, rather than by unnecessarily duplicating efforts and costly infrastructure. (Source)
3) The two heads of Wisconsin’s only other medical schools have called the idea an “unnecessarily duplicating effort,” and Dr. Robert N. Golden, dean of the University of Wisconsin School of Medicine and Public Health, and Dr. John R. Raymond, president and CEO of the Medical College of Wisconsin, voiced in a newspaper interview little support for a third medical college.
“A new private medical school in Jefferson would create duplicative infrastructure at a cost of at least $125 million,” the physicians told the Wisconsin State Journal. “Further, the proposal would graduate 150 to 160 new doctors each year, far exceeding the projected need. This would create multiple bottlenecks in the state’s medical training capacity.” (Source)
4) The Medical College of Wisconsin’s Healthier Wisconsin Partnership Program (HWPP) will fund 12 new community health projects totaling $4.5 million.
Four impact awards will receive approximately $750,000 each over five years and eight development awards will receive approximately $200,000 each over two years. Projects are selected for funding through a rigorous process led by the Medical College of Wisconsin (MCW) Consortium on Public and Community Health, comprised of MCW and public members. (Source)
5) The Medical College of Wisconsin is expanding into Green Bay and central Wisconsin. “The Medical College of Wisconsin has done an excellent job providing Wisconsin with some of the best physicians and biomedical scientists,” Governor Walker said. “I look forward to the successes they will have on their new campuses. Wisconsin has a growing need for physicians, and I thank them for taking the initiative to address the health care needs of the state now and in the future.”
The Medical College of Wisconsin announced expansion plans following a comprehensive study by the Wisconsin Hospital Association, and other national studies, which found a serious physician shortage. (Source)