Rehabilitation Institute of Chicago Awarded $8.5 Million Matching Gift - Rehabilitation Institute of Chicago

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RIC in the News

Published on July 20, 2016

Rehabilitation Institute of Chicago Awarded $8.5 Million Matching Gift

Initiative to drive RIC toward $350 million capital campaign goal

CHICAGO — July 20, 2016 — The Rehabilitation Institute of Chicago (RIC) today announced an

$8.5 million matching gift challenge from three anonymous donors.

 

The matching gift challenge, which has the potential to generate a total of $17 million, will be directed to the capital campaign for the Shirley Ryan AbilityLab, RIC’s state-of-the-art research hospital, set to open in March 2017. The $550 million, 1.2-million-square-foot Shirley Ryan AbilityLab will be the first-ever “translational” research hospital in which clinicians, scientists, innovators and technologists will work together in the same space with patients, applying (or “translating”) research real time.

 

The $8.5 million matching gift comes on the heels of Shirley W. and Patrick G. Ryan’s record gift announcement  on June 22, which was the largest charitable investment in the organization’s 63-year history. Given the monumental nature of the Ryan gift, RIC increased its capital campaign goal from $300 million to $350 million. The campaign is expected to close in December 2017.

 

“This matching gift challenge is about momentum in this campaign,” said Joanne C. Smith, M.D., RIC President and CEO. “New and existing donors will have the opportunity to double the impact of their funding commitment to this one-of-a-kind research hospital designed to bring about better recoveries, greater outcomes, and inevitably cures.”

 

Under this program, all new campaign contributions will be matched on a dollar-for-dollar basis up to $8.5 million total. Gifts can be made directly online or by calling 312.238.6013.

 

About the Rehabilitation Institute of Chicago (RIC)

The Rehabilitation Institute of Chicago (RIC) is the nation’s leading provider of comprehensive physical medicine and rehabilitation care to patients from around the world. Founded in 1953, RIC has been designated the “No. 1 Rehabilitation Hospital in America” by U.S. News & World Report every year since 1991. RIC sets the standard of care in the post-acute market through its innovative applied research and discovery programs, particularly in the areas of neuroscience, bionic medicine, musculoskeletal medicine and technology transfer. The Shirley Ryan AbilityLab — RIC’s new, state-of-the-art research hospital, will open in March 2017. For more information, go to www.ric.org.