New Hyde Park-based Northwell Health is looking to raise about $530 million over the next five years to support capital improvements and other initiatives, including the expansion of two of its largest Long Island facilities, North Shore University Hospital in Manhasset and Southside Hospital in Bay Shore.
The money would also go toward clinical programs, research projects and teaching initiatives on Long Island, and to developing Manhattan initiatives.
The health system joins other local hospital groups, including Stony Brook Medicine, NYU Langone and Mount Sinai Health System, that recently completed or are conducting large fundraising projects.
Northwell's campaign is part of a $1 billion fundraising effort it launched in early 2016. Northwell has collected $472 million in donations since the campaign's inception from 63,000 donors, said Brian Lally, Northwell's senior vice president and chief development officer.
"The lion's share of donations are from individuals who give what they can afford," Lally said, referring to smaller donors. "You do what you can."
The previously raised money has gone toward improvements and new buildings, such as the $46 million Imbert Cancer Center in Bay Shore. The center is named after Bay Shore residents Rick and Susan Imbert, who made an undisclosed donation to help build the facility.
Northwell plans to build a 314,704-square-foot Advanced Surgical Pavilion at North Shore in Manhasset. The project is to include 18 operating rooms, 44 ICU beds, a lobby at the Sandra Atlas Bass Heart Hospital, and two levels of parking under the building.
Northwell also plans to build a five-story employee parking garage and a new pavilion for private patient rooms at Southside in Bay Shore. The pavilion would include 90 private rooms, four operating rooms and 48 pre- and postoperative holding rooms.
The health system said it was working through zoning approvals on the projects.
Donations will also go toward building a new operating suite to expand pediatric surgical programs at Cohen Children's Medical Center in New Hyde Park.
Stony Brook University said this year it concluded a seven-year fundraising campaign that netted $630.7 million, of which $188 million was dedicated to Stony Brook Medicine, including health science schools, Stony Brook Children's Hospital and research centers, such as the new Kavita and Lalit Bahl Center for Metabolomics and Imaging.
NYU Langone Health, headquartered in Manhattan, is close to wrapping up a $3 billion capital campaign, said Grace Ko, senior vice president for development and alumni affairs.
"To date, $2.7 billion has been raised in support of institutional priorities, including NYU Langone's recently announced full-tuition scholarship initiative, now offered to all students in the MD degree program," she said.
Mount Sinai, also based in Manhattan, is in the middle of a $2 billion capital campaign with a 2023 target completion date that "will raise funds not just for research, but will also strengthen and redesign infrastructure that connects the scientific and clinical sides of the institution,” said Mark Kostegan, senior vice president for development for the health system.
m UPDATE: Northwell is seeking to raise $530 million. The company updated the number Wednesday morning.