Bill and Joan Schreyer Make Landmark Gift to Support Education Center

Mar 19, 2007

William and Joan Schreyer of Princeton have given Princeton HealthCare System Foundation its largest single gift from private individuals to date. The Schreyers made the $5 million gift to support a state-of-the-art education center that will be included in construction plans for the new University Medical Center at Princeton (UMCP) that is scheduled to open in 2011. 

Current plans for the Community and Professional Education Center will include an 80-seat interactive lecture room, two 20-seat video conference rooms and one small video conference room, along with a library, foyer, office space and a large lecture hall that can be subdivided into four smaller classrooms. The Education Center will also have a Patient and Family Resource Center, providing education and practical information for patients and families; a simulation laboratory that models clinical surroundings and provides realistic clinical training without risk to actual patients; and a virtual education center, using the latest technology to bring educational seminars throughout the hospital.

"Joan and I are thrilled to be among the first to support the vision of the new University Medical Center at Princeton, and we are extremely pleased to support a community and professional education center," says Mr. Schreyer.  "We feel that our gift to the hospital is a gift to this great community.  We are honored to be part of such an exciting and meaningful project."

Transforming Health Education

"The William and Joan Schreyer Center for Community and Professional Education will transform healthcare education in our region by establishing a state-of-the-art facility that will promote awareness and learning by encouraging engaged discussions about health and wellness among members of the community, physicians and healthcare professionals," says Barry S. Rabner, President & CEO of Princeton HealthCare System. "We are exceedingly grateful to Bill and Joan for this extraordinary gift and to Bill for his guidance as a key leader in our organization over the past three decades."

The Shreyers' gift will propel PHCS' continued advancements in health education. Over the past five years, Princeton HealthCare System has promoted community education through an award-winning Community Education & Outreach Program that annually provides 1,200 free or low-cost health seminars, screening programs, health fairs, and support groups to 36,000 area residents. PHCS is also committed to providing an enriching environment for clinical learning and discovery. As a teaching hospital for more than 30 years and a University Hospital Affiliate of UMDNJ - Robert Wood Johnson Medical School, UMCP is a vital educational resource for resident physicians and other healthcare professionals.

Mr. Schreyer joined the Board of UMCP, then called The Medical Center at Princeton, in 1973 and served as Chair from 1975-1981.  He later accepted a seat on the Foundation's Board and served as its Chair from 1995-2003.  During his tenure, the Foundation achieved unprecedented growth. 

Mr. Schreyer started his career at Merrill Lynch in 1948 as a management trainee and rose through the ranks in a succession of sales, trading, investment banking and management positions. During his tenure as Chairman of the Board, 1985 -1993 and Chief Executive Officer, 1984 -1992, Merrill Lynch ascended to its position as the world's largest and most profitable financial services institution.

Joan Schreyer has been involved with the Princeton community for many years and has worked as a volunteer and benefactor with several community philanthropies. She is very involved in the Schreyer Honors College at Penn State University which was endowed by the Schreyers and continues to be one of their principal philanthropies.