The Valley Hospital Foundation announces $125 million fundraising campaign in support of The Valley Hospital in Paramus
Ridgewood, NJ, September 20, 2021 — With the opening of The Valley Hospital in Paramus scheduled for the end of 2023, The Valley Hospital Foundation has announced a $125 million fundraising campaign, Serve. Care. Transform. The Next Chapter of The Valley Hospital, in support of the project.
The Foundation also announced that Vincent Forlenza, Chairman, Valley Health System Board of Trustees; Carol Gillespie; and Michael A. Ietta, M.D., Bergen Anesthesia Group; will serve as Campaign Co-Chairs.
This is the largest campaign in the Foundation’s history, almost doubling what it has cumulatively raised in four previous fundraising campaigns. To date, more than $90 million has been raised toward the Serve. Care. Transform. campaign goal, which is scheduled to run through 2024.
“Philanthropic support from our community has been a mainstay since Valley’s beginning, assisting in building new facilities, creating new programs, upgrading technologies, advancing research, and fostering a culture of excellence and innovation. Our donors have always been our partners in moving forward, and we are thrilled to see that continue with this campaign,” said David Bohan, Vice President and Chief Development Officer, The Valley Hospital Foundation.
The Foundation has previously announced a number of significant leadership gifts since fundraising began in 2018, and recently added the following generous leadership commitments toward the hospital project: Alfano Family Charitable Foundation, Anonymous donor, Bergen Anesthesia Group, Radiology Associates of Ridgewood, Estate of Doris M. Tarrant, Valley Emergency Room Associates and Edward W. & Stella C. Van Houten Memorial Fund.
“As we have learned in these unprecedented times, philanthropy is crucial in helping to address urgent and emerging issues, and allows us to move our mission forward with flexibility and without delays. The extraordinary early support we have received for the new hospital is a gratifying vote of confidence in our plans for the future,” said Audrey Meyers, President and CEO of Valley Health System.
The new 40-acre campus will house an acute-care, 372-bed hospital; a medical office building; and the Luckow Pavilion, Valley’s comprehensive cancer and same-day surgery center. The new hospital will incorporate the latest advances in healthcare while retaining Valley’s renowned personal touch, featuring single-patient rooms and a vastly expanded emergency department, growing from the current 39 exam rooms to 72 individual treatment rooms.
More than 30 percent of the campus has been dedicated to gardens, lawns, and walking paths to provide a beautiful, serene, and park-like setting for patients, families, and visitors. The new campus will be easily accessible to major highways and access points, including Route 17 and the Garden State Parkway; conveniently located to public transportation; and will have ample parking for patients and visitors, including an enclosed parking deck. Not only will Valley’s presence in Paramus provide exceptional healthcare to the region, but it will also serve as a driver of economic growth for Bergen County and surrounding areas.
“The Valley Hospital in Paramus will provide first-class facilities and will create a health and wellness destination for the entire region. Moreover, the new hospital will ensure our continued impact and our ability to serve and care for our community members, and transform the delivery of healthcare for generations to come,” said Meyers.
To learn more about the campaign, please visit www.campaign.valleyhospitalfoundation.org or contact the Foundation directly at 201-291-6300.
Caption: Rendering of the front entrance of The Valley Hospital in Paramus, scheduled to open in late 2023.