Holy Name Medical Center of Teaneck, New Jersey, has received a $75 million gift from the Douglas M. Noble Family Foundation, which the medical center says is the largest gift to a Catholic hospital in the U.S. and the second largest gift made to a New Jersey hospital.
The medical center plans to use the gift to "accelerate innovation and new scientific discovery, advance capital projects, fund medical education and allow the hospital to achieve a future that was previously only a vision," according to a hospital press release.
This endowment is the latest in a series of gifts that the foundation has made to Holy Name. Previously it has provided capital to build and equip Holy Name's neonatal intensive care unit.
The new donation will fund a graduate medical education program. The new funds also will go toward bringing new technology for Holy Name clinical areas, including a neuroendovascular institute.
The gift comes as Holy Name celebrates its centennial.
Holy Name President and CEO Michael Maron said in the release that the gift's "potential impact is limitless — enhancing patient care, fueling medical innovation, attracting the best physician talent, and allowing us to continuously grow and adapt in line with our core values of compassion and healing."
Douglas Noble was an accomplished neuroradiologist who was owner and medical director of The Imaging Center at Morristown, New Jersey. He died in 2019 at age 59 of a tumor.
His mother, Joan Noble, heads the foundation created in his honor that has given millions of dollars to hospitals and charities across the U.S.
She said in making decisions around foundation giving, "It became clear to me in order to make Doug's legacy endure beyond any one individual's or organization's memory, including my own, I needed to give the gift that was Doug's to a place that would appreciate it — and him; one that would turn his compassionate vision into reality in a way that he would endorse."
She said, "It is here at Holy Name where I found Doug's legacy would live on."