Belmont pulls in another big donation

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Belmont University announced on Wednesday it received a $10 million donation to support its new medical school.

  • The gift came from long-time boosters Milton and Denice Johnson. Milton Johnson chairs the Belmont board and is the former CEO of HCA Healthcare.

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Why it matters: Belmont established itself as a fundraising juggernaut under former president Bob Fisher. This announcement on the heels of Fisher's departure in May signals the university's continued strength in that space.

  • Belmont rapidly expanded its enrollment and campus footprint as big-ticket donations poured in over the last decade. Earlier this year, ahead of Fisher's retirement, Belmont said it raised more than $326 million during a five-year fundraising drive.

  • Plans for the new medical school were announced last year.

The details: The Johnsons dedicated their latest donation to HCA co-founder Thomas F. Frist, Jr., who is also the medical school's namesake.

  • Belmont is establishing its college of medicine in partnership with HCA, which owns 187 hospitals across the country and in the United Kingdom.

  • The university is pursuing accreditation for the medical school.

Flashback: The Johnsons have already given millions to Belmont.

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