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Here Is Ron Conway Talking About His $40 Million Donation to UCSF

"I hope that people recognize that people who are obtaining wealth in technology are giving back."

Venture capitalist Ron Conway will be donating $40 million to a new outpatient center at UCSF’s state-of-the-art Mission Bay campus in San Francisco, set to open later this month.

The 207,500-square-foot UCSF Ron Conway Family Gateway Medical Building will provide services for women, children and cancer patients and will receive an estimated 1,500 visits daily.

He talked about his donation with Re/code today.

Ron Conway
Ron Conway

“I was born and raised in San Francisco, and when we moved back 14 years ago, we adopted UCSF Children’s Hospital,” Conway said. “So, for the last 14 years, we’ve been very, very active at UCSF. With the new campus at Mission Bay, we saw an opportunity.”

Conway chose to donate to the outpatient facility, because that was where UCSF had its greatest need. It also receives the widest group of patients. “Since it’s outpatient, it helps every constituency that UCSF serves,” Conway said.

Conway, who founded SV Angel and invested in companies like Facebook, Airbnb and Twitter, has been an active and vocal philanthropist in San Francisco, galvanizing others in the tech community to donate through programs like SF.Citi, San Francisco Citizens Initiative for Technology and Innovation. There is well-documented tension over the growth of digital companies in San Francisco over the last year, especially around tech isolating itself from the community, which Conway has been very vocal in addressing.

“I hope that people recognize that people who are obtaining wealth in technology are giving back,” he said. “This is the highest pedigree medical center west of the Mississippi. It just continues to get better. And I feel like the tech community keeps getting better about giving.”

UCSF’s Mission Bay campus, a $1.5 billion dollar project that celebrated its first anniversary 12 years ago, officially opens Feb 1.

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