In 2002, entertainment mogul David Geffen gave an unrestricted gift of $200M to the University of Calfornia Los Angeles' School of Medicine, which was subsequently named the David Geffen School of Medicine (DGSOM) in recognition of his generosity. Now, Mr. Geffen has made a further gift of $100M to establish a medical scholarship fund that will offer full funding to the most qualified and promising medical students, whether they are pursuing the MD degree or the MD/PhD in UCLA's renowned Medical Scientist Training Program. As the aim of the scholarship program is to recruit the best students in the world to DGSOM, both American and international students are eligible. All costs including living expenses and supplies are covered by the award and are offered for all 4 years (or 8 in the combined MD/PhD scientist program).
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The University of Texas Board of Regents voted to give $30 million annually for eight years and $25 million annually thereafter to create a medical school in Austin. The university says its aim in creating the school is to participate more actively in medical research and draw in innovative faculty members and students. The pledge is also aiming to bring more doctors, jobs, and improved healthcare to the city of Austin.