Phoenix Business Journal
by Angela Gonzales
The chairman of Frontier Airlines is donating $25 million to Mayo Clinic's new medical school in Scottsdale. Bill Franke and his wife, Carolyn, are donating the money to support scholarships and operations. It is the largest contribution in the short history of Mayo Clinic's Arizona campus, which opened in 2017. Of the $25 million donation, $20 million will go to scholarships and $5 million will go to operations, such as faculty development and curriculum innovation. Mayo Clinic's medical school in Scottsdale has 100 students, with 50 being first-yeThirty percent of the medical students in this new class are considered minorities underrepresented in medicine, said Dr. Michele Halyard, dean of the Arizona Campus for Mayo Clinic School of Medicine. Mayo Clinic's medical school in Scottsdale has 100 students, with 50 being first-year students selected from 3,023 applications. Some students already have earned MBAs, doctorates or law degrees.
Context: Mayo Clinic has received a $25 million gift from William A. and Carolyn D. Franke and family from Paradise Valley, Arizona. This transformative gift will support scholarships and operations, such as faculty development and curriculum innovation at Mayo Clinic School of Medicine – Arizona Campus. It is the largest contribution in the history of Mayo Clinic’s Arizona campus.
In recognition of the gift, the Mayo Clinic Education Center at Mayo Clinic Hospital in Arizona will be named the Mayo Clinic Franke Education Center.
Mr. William (Bill) Franke, one of Arizona’s most prominent business leaders, and his family long have been interested in education and its impact on the Arizona economy. The Franke family was drawn to Mayo Clinic School of Medicine’s commitment to educating diverse learners. This gift will guarantee scholarships are available to recruit the best and brightest students who choose their career based on passion rather than financial concerns or social background. You can read more about the gift on Mayo Clinic News Network.
Contact: Jim McVeigh