Rehabilitation Institute of Chicago Increases Matching Gift Challenge to $8.75 Million - Rehabilitation Institute of Chicago

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Rehabilitation Institute of Chicago Increases Matching Gift Challenge to $8.75 Million

Published on September 21, 2016

Rehabilitation Institute of Chicago Increases Matching Gift Challenge to $8.75 Million

Initiative to drive RIC toward $350 million capital campaign goal

The Rehabilitation Institute of Chicago (RIC) has increased its matching gift challenge to $8.75 million.

 

The challenge, which has the potential to generate a total of $17.5 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 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 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.

 

An $8.5 million matching gift, funded by three anonymous donors, was initially announced in July. Now, thanks to the generosity of a fourth donor, the amount has increased by $250,000.

 

“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 $8.75 million total. Gifts can be made directly online or by calling 312.238.6013.