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Desert Regional Medical Center Establishes Scholarship Fund for UCR Medical School


Desert Regional Medical Center Establishes Scholarship Fund for UCR Medical School

Gift of $25,000 Will Generate Student Scholarship Funds in Perpetuity

(November 17, 2008)

PALM SPRINGS, Calif. – Desert Regional Medical Center, a 394-bed acute care hospital with the Coachella Valley’s only designated trauma unit, will establish a $25,000 scholarship fund benefiting future medical students at the University of California, Riverside.

The Desert Regional Medical Center Endowed Student Fund, announced at an event hosted by the hospital last night, will provide a source of scholarship funds in perpetuity because endowed funds generate investment income while preserving the gift as principal.

“On behalf of UCR, I want to thank Desert Regional Medical Center for this investment in the education of future physicians for Inland Southern California,” said UCR Chancellor Timothy P. White. “The medical center’s commitment is particularly gratifying due to the increasing debt that medical students are incurring in reaching their goals of becoming physicians. Karolee Sowle and the staff of Desert Regional are to be commended for recognizing this and for assisting deserving young people to achieve their goals.”

The scholarship fund is intended to aid students with financial need who enroll in the UCR School of Medicine beginning in 2012, according to Karolee Sowle, Chief Executive Officer of Desert Regional Medical Center. “Desert Regional Medical Center’s mission is to meet the medical needs and improve the health of people in the community,” said Sowle. “This requires a steady flow of new doctors to our community. It is our hope that many of the doctors trained at the new medical school will decide to practice here in the Coachella Valley.”

The growing indebtedness of medical students has become an issue of national concern. According to the American Association of Medical Colleges, the median debt for graduates with loans in public medical schools was $120,000 in 2006. The UCR School of Medicine has established the goal of building endowed scholarship funds totaling $10 million to support economically disadvantaged students with backgrounds and experiences making them especially qualified to serve diverse patient populations and medically underserved communities.

The UCR School of Medicine is projected to enroll its first incoming class of 50 medical students in fall 2012, with the concurrent launch of residency programs. The mission of the medical school is training a diverse physician workforce and developing research and health care delivery programs to improve the health of medically underserved populations.

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The University of California, Riverside (www.ucr.edu) is a doctoral research university, a living laboratory for groundbreaking exploration of issues critical to Inland Southern California, the state and communities around the world. Reflecting California's diverse culture, UCR's enrollment has exceeded 21,000 students. The campus opened a medical school in 2013 and has reached the heart of the Coachella Valley by way of the UCR Palm Desert Center. The campus has an annual statewide economic impact of more than $1 billion.

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