USF College of Medicine Takes Name of $20 Million Donor

Artist's rendering of new USF Morsani College of Medicine (courtesy USF Health)
USF President Judy Genshaft, Frank & Carol Morsani, USF Health CEO Stephen Klasko (l-r)
TAMPA (2011-12-8) -

What does twenty million dollars get you in today's economy? In the case of local philanthropists Frank and Carol Morsani, it gets their name on the University of South Florida's medical school.

The gift from Morsani, who made his fortune in car dealerships, is the largest individual contribution in USF's history. It brings the couples's total donations to the university to forty-three million dollars, thirty-seven million of which have gone to USF Health initiatives.

Speaking to a large crowd of students, faculty and university officials at a ceremony Thursday, Morsani said he hopes his donation motivates others to also support USF.

"What we try to do is, we've given to organizations throughout this great community," Morsani said. "We inspire others to share in your treasury to make this the finest university in the state and then one of the finest in the country."

The Morsani College of Medicine will advance the vision that university president Judy Genshaft and USF Health CEO Stephen Klasko have for the school's medical program specifically and the teaching and practice of medicine in general.

The college will be designed to encourage greater collaboration between USF Health students, faculty and the community. That includes a full-time health clinic run by students that will serve the uninsured for free.

Morsani hopes this direction will serve as a beacon to other healthcare providers.

"I think it's going to make healthcare more accessible long-term because the hospitals are going to have to recognize that they have to change and they will be, this will be an example of how they can change."

University officials plan to use the donation as the starting point for a sixty million dollar campaign to replace the current Medical School facilities, a forty-plus year-old building that until recently also housed an outpatient medical clinic. They hope to break ground on that new structure sometime next year.

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