Houston Methodist Receives Record $101M Gift
Houston Methodist has received a $101 million philanthropic gift from Paula and Rusty Walter and the Walter Oil & Gas Corporation to attract and retain the most talented physicians and scientists who will help pioneer lifesaving new treatments for patients suffering from diseases of all kinds. This gift is the largest in the institution’s nearly 100-year history.
Houston Methodist will raise an additional $66 million in matching funds, bringing the total philanthropic impact of this gift to $167 million.
The gift will support an aggressive expansion of Houston Methodist’s endowed chairs and other dedicated faculty, research and teaching positions. The gift includes a matching fund designed to increase the number of endowed chairs to 100 in recognition of Houston Methodist’s 100-year anniversary in 2019. For every commitment of $1 million or more, the gift will provide a $500,000 match for up to 50 endowed chairs.