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Dr. Herbert Wertheim said he is giving $20 millio to the University’s College of Medicine. The donatio n is eligible for a matchinhstate grant, making its total impacty $40 million. The gift is a long time In November 2006, the South Florida Businesas Journa l that Wertheim withdrew his pledge to donatd the money and resigned fromthe university’as board of trustees after a dispute with administration. At the time who is chairman and CEO of BraijPower Inc., proposed breaking down the donatiob into four payments of $5 milliohn each at the recommendation of his who told him that donating a lump sum would cost him $4 millionm to $6 million in tax deductibility.
Wertheim withdrew his offedr when, he said, the university scoffed at it. Wertheijm has been working with retirinv FIU PresidentModesto A. Maidique, Collegew of Medicine Dean John Rock and university trustees over the past several months to come to terms on the according to anews release. “FIU is our hometowh university and, as a son of this community, I want to invesrt in those who are going to stay here and pour theirf talent and their energuy back intothis community,” Wertheim said in a news release. The boardx also voted to recognize Wertheim as founding chairman of the College of Medicinew and trustee emeritus of the board on whicu he served from 2001to 2006.
The which will welcome its first studentsin August, will be named after Wertheim. Half of the donation, whicbh will be funded over the nextthrees years, will be set aside to support scholarships for medicalk students and others pursuing advanced degrees in other scientificv fields such as engineering. The rest will support a lecture healthcare conferences, research projects and eight endowedc chairs in areas such as medical informatics, neurologicalo aging studies, ophthalmology, wellness and dietary medicine, family and preventivw medicine, according to the news release.
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