Dr Phillip George Takes Over As Chair Of Um Board Of Trustees As University Embarks On Fundraising For Ambitious Capital Plans
Written by Miami Today on June 25, 2009
Plastic surgeon turned investor Dr. Phillip George is embarking on a new journey as chairman of the University of Miami’s Board of Trustees. After 20 years as a trustee, he now takes the lead and intends to focus on continuing fundraising amidst a troubled economy and push for needed capital improvements.
Board members include business and community leaders. "All of us who do this give a lot of time, a lot of thought, a lot of money, and the only reason for it is to advance science, research and education," he said.
UM’s endowment has been hard-hit by the plunge of the financial markets coupled with the recession, he said. "Our fundraising ability was hurt by people not feeling as wealthy — or actually not being as wealthy — as they were last year."
Replenishing lost funds will be critical to such projects as renovating University of Miami Hospital and construction of a law school building and a student union.
Dr. George shared his priorities as new chairman of UM’s trustees with Miami Today staff writer Yudislaidy Fernandez at the campus in Coral Gables. To read this profile article in its entirety, subscribe to Miami Today’s E-paper. With the E-paper you will be able to read the entire contents of Miami Today online exactly as it appears in print. Or order this issue, to receive a regular printed copy of this week’s Miami Today. You may also subscribe to the printed edition of Miami Today to receive the newspaper every week by mail.