Northwell raises $1B from donors

Northwell Health’s systemwide fundraising campaign has surpassed its $1 billion goal, prompting the health system to commit to raising an additional $400 million by the end of 2024, executives plan to announce Thursday.

Northwell started the campaign in 2016 and publicly launched it in 2018. Nearly 170,000 donors have participated, including 11,000 Northwell employees who collectively contributed more than $15 million. The system employs more than 80,000.

The fundraising to date includes $422 million in programmatic gifts, $412 million in capital gifts and $186 million for Northwell’s endowment.

Brian Lally, the system’s chief development officer, said the additional $400 million in philanthropy would support health equity initiatives, employee wellness, a new outpatient facility on Manhattan’s East Side and a 104-bed behavioral health facility for children on its Glen Oaks hospital campus.

The outpatient facility, which would feature an on-site cancer center, is separate from Northwell’s plan to expand Lenox Hill Hospital on the Upper East Side, which Lally said got pushed back but is still in the works.

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Capital projects that have been supported by the $1 billion raised to date include an advanced surgical pavilion at North Shore University Hospital and a center for women and newborns at Staten Island University Hospital.

The endowment gifts have so far supported 13 professorships and chairs and $8.9 million in full and partial scholarships for 204 students at the Zucker School of Medicine.

Northwell operates 21 hospitals and 850 outpatient facilities in the city and Westchester County and on Long Island.

This story first appeared in our sister publication, Crain’s New York Business.