AURORA | Billionaire Phil Anschutz and The Anschutz Foundation is donating $120 million to the University of Colorado Anschutz Medical Campus — the largest gift in the school’s history.

That brings the total gifted from the foundation to to $300 million since 2000. This donation will support recruiting and retaining faculty, research and a 390,000-square-foot interdisciplinary science building — which will house the CU Department of Psychiatry, other faculty leaders in mental and behavior health and the Colorado Center for Personalized Medicine. 

“With this commitment, Mr. Anschutz and the leadership of The Anschutz Foundation are excited to help rapidly transform medicine and health care, not only in Colorado but across the region and beyond,” Ted Harms, executive director of the Anschutz Foundation, said in a statement. “We have a shared vision for propelling the University of Colorado Anschutz Medical Campus even higher among the best medical campuses in the United States, and by investing in key strategic areas, we will make that vision a reality.”

CU leaders say the donation will be a major stepping stone for the university, UCHealth and other partners.

“This gift, combined with their previous commitments, goes a long way toward ensuring the CU Anschutz Medical Campus is one of the leading medical care, research and education facilities in the world,” University of Colorado Anschutz Medical Campus Chancellor Donald M. Elliman, Jr. said in a statement.

“Our proud history of innovation has led to important new discoveries, and through CU Innovations, we are capitalizing on our deeply rooted entrepreneurial spirit by connecting University of Colorado Anschutz Medical Campus inventors with innovators and industry partners who can take their breakthroughs to market.”

— KARA MASON, Staff Writer