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Dr. George Kung and wife, Jean Cheng Honor Palomar Health with $1M Gift
Dr. George Kung, a long-time Rancho Bernardo resident and Pomerado Hospital obstetrician and gynecologist and his wife, Jean Cheng, have made a $1 million commitment to the $55 million Building Your Healthcare System of the Future capital campaign.
Dr. Kung said the timing for the gift just seemed right.
“I have benefitted and am most appreciative of the people in the past who have helped me all along the way, and we’ve always searched for a way to give back,” he said. “This gives us a way to give back and also to encourage others to do the same thing. That’s so important to me. This kind of a gift is a wonderful way to make a difference, now and in the future.”
By making a planned gift, Palomar Health receives the funds in the future, but the foundation can recognize and honor Dr. Kung and Ms. Cheng for their generosity right away.
Planned gifts are also a tremendous asset to Palomar Health because rating agencies consider gifts that are in the pipeline when they look at Palomar's financial viability.
"I have been associated with [Palomar Health] for 30 years - my entire career in California - and right now, there is a golden opportunity for us and for anyone who cares about their community because [Palomar Health] is in the process of finishing the construction of a spectacular hospital," said Kung.