Last month, Caroline Amplatz heard a presentation about the struggle to raise money for a new children's hospital at the University of Minnesota. The $275 million project was still $100 million short, and university officials were offering naming rights if the right donor came along.
Minutes later, Amplatz, an attorney from Golden Valley, had cut a deal: She pledged $50 million to name the hospital in honor of her father, Dr. Kurt Amplatz, a retired professor and a pioneer in Minnesota's medical device community.
The gift, announced Tuesday, is the second largest in the university's history.
Caroline Amplatz, 44, who is a member of the University Pediatrics Foundation board, said it wasn't a hard decision. "At that moment I realized this hospital needs to be the Amplatz Children's Hospital," she said at a news conference Tuesday to announce the gift.
The hospital, set to open in 2011, will be named the University of Minnesota Amplatz Children's Hospital.
University President Robert Bruininks called Kurt Amplatz, 84, "one of the great pioneers of medical research and of Minnesota's medical device industry."
The elder Amplatz, who lives in North Oaks, taught radiology at the university from 1957 until he retired in 1999. He holds more than 30 patents, and is best known for inventing a tiny device to repair congenital heart defects in children and adults. In 1995 he also founded a medical device company, AGA Medical, in Plymouth.
The donation will be paid over 12 years and will fund children's research and treatment, including a facility for children with damaged hearts. It represents a second key piece in the financing of the new hospital, which broke ground last summer. Fairview Health Services has agreed to finance $175 million of the $275 million overall cost for the building, which will be on the Riverside campus of the University of Minnesota Medical Center, Fairview.