Hofstra North Shore-LIJ School of Medicine has received a $10-million endowment for a scholarship fund -- the largest single gift to the medical school and among the largest single gifts ever to the university.
The Louis Feil Charitable Lead Annuity Trust, a charity with a history of giving to medical facilities, research and education, made the endowment. It's named in memory of Gertrude and Louis Feil, parents of Jeffrey Feil, chief executive of The Feil Organization, a Manhattan real estate company.
Feil is a Rockville Centre resident and a trustee of the charity.
Dr. Lawrence Smith, the medical school dean, said the scholarship fund would mean that more students would be able to graduate with less debt from the medical school, where annual costs are close to $50,000.
"Our commitment is that when a student graduates from medical school, the amount of financial debt should not be so great that it will pervert their ability to follow their enthusiasm and not choose the field they want to go in," Smith said.
Last year, the Feil trust gave $5 million to Peconic Bay Medical Center in Riverhead toward a new ambulatory care center in Manorville. In 2011, it donated $3 million to South Nassau Communities Hospital in Oceanside. Louis and Gertrude Feil were also longtime supporters of Weill Cornell Medical College in Manhattan.
"The Feil trust has long supported community-based health care facilities and programs that improve access to high-quality medical care," Hofstra president Stuart Rabinowitz said in a statement. "We are honored by this extraordinary support for the students."
The medical school, with an enrollment of 180, opened in 2011 to its first class, which will graduate next year. Last summer, the school broke ground on a $35.9 million, 65,000-square-foot addition that will more than double its size.