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Rady family pledges $120M for children's medicine institute

With a $120 million pledge from Ernest Rady and family, Rady Children’s Hospital will establish the Rady Pediatric Genomics and Systems Medicine Institute for pediatric research and innovation.

The gift is the largest donation made to Rady Children’s Hospital Foundation; the board of trustees has also committed $40 million to support the Institute.

“After more than one-and-one-half years of evaluating the design and mission of an institute at Rady Children’s, this institute will assemble a team of world-class scientists, researchers and clinicians who will focus their talents on preventing, diagnosing, treating and curing childhood disease through genomics and systems medicine research,” said David F. Hale, chairman of the board.

“The institute will work closely with UC San Diego and establish relationships with other academic and research institutions, companies involved in genomics research and other children’s hospitals to advance the mission of the Institute.”

Rady's gift will allow the hospital to invest in the highest and most current needs to keep pace with new technology in genomics and systems medicine. The new institute will be housed in two facilities, at 7910 Frost St. next to Rady Children’s Hospital, and in the Torrey Pines area among other research institutes.

“As we move into an exciting new era of medicine, it is our responsibility to encourage the ambitious research and innovation that will accelerate the process by which discoveries are made and translated into cures,” Rady said.

Rady served as chair of the Children’s Hospital and Health Center Board from 1990 to 1993, when the hospital’s Rose Pavilion was built.

He also served as a member of the board, and the Children’s Hospital-San Diego Board, in the 1980s and '90s. During that time, Rady and his wife, Evelyn, made several major donations to Children’s; the main entrance lobby and the second floor Medical/Surgical Center of Rose Pavilion are named for Dr. Max and Rose Rady, Rady’s parents.

In 2006, in recognition of a $60 million gift by the Rady family and American Assets Inc., the company Rady founded in 1967, the board of trustees voted unanimously to rename the hospital Rady Children’s Hospital San Diego.

“Not only will generations of children benefit from Mr. Rady’s extraordinary legacy of giving, our entire region is the better for it,” said Paul Hering, chair of Rady Children’s Foundation Board. “Very few people in the world have succeeded in making such a positive, lasting philanthropic impact on our children now and in the future.”

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Rady Children's Hospital San Diego

Company Website

3020 Children Way
San Diego, CA 92123

Rady Children's Hospital San Diego Executive(s):

Dr. Irvin Kaufman

  • Chief Medical Officer, Sr. VP of Hospital Affairs

Roger Roux

  • Chief Financial Officer, Senior Vice President

Donald Kearns, M.D.

  • Chief Executive Officer, President

Margareta Norton

  • Chief Administative Officer, Senior Vice President

Nicholas Holmes, M.D.

  • Chief Operating Officer, Senior Vice President

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NAICS - 622310 - Specialty (except Psychiatric and Substance Abuse) Hospitals

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