UCI said it received a $20 million donation from Joe Wen, the founder of multinational conglomerate Formosa Ltd.
The donation not only marks the largest gift to UCI Health by a donor under the age of 50 but also one of the university’s largest overall gifts.
The money will support the construction of the Joe C. Wen & Family Center for Advanced Care at UCI Health-Irvine, an outpatient clinical facility at the UCI Health-Irvine complex.
The five-story facility, approved by the UC Board of Regents in 2020, will run 168,000 square feet on Jamboree Road. It will offer adult and pediatric specialty care, urgent care, digestive health neurosciences and comprehensive laboratory and radiology imaging services in one location, the university said.
Formosa Ltd.’s five core businesses include venture capital, finance lending, real estate holding and development, property management and forest-products manufacturing and trading.
