Dr. Charles Huang Donates $7 Million to the Chinese Hospital, Setting a Record in the Over 120-year History of the Hospital
June 2, 2022
PASADENA, Calif. Dr. Charles Huang, Chairman of the Charles Huang Foundation (CHF) makes a $7 million donation to San Francisco’s Chinese Hospital, the single largest donation in the Hospital’s 123-year history. The donation ceremony was officiated by former San Francisco Mayor, Mr. Willie Brown today at Chinese Hospital with Dr. Huang and Foundation board members, Chinese Hospital’s Board of Trustees, and its senior management, jointed by the representatives from both state and city of San Francisco, and the Deputy Consul-General of Consulate General of China in San Francisco.
Historic Donation to Chinese Hospital Check Presentation by Charles Huang Foundation. Pictured from left to right: Former Mayor of San Francisco Willie Brown; Dr. Charles Huang, Chairman of Charles Huang Foundation; Mr. Kitman Chan, Chairman of Chinese Hospital’s Board of Trustees; Dr. Jian Zhang, CEO of Chinese Hospital.
Dr. Huang created his private equity firm Pasaca Capital Inc. in Los Angeles in 2016. It has quickly achieved great success and grown to several billion dollars in less than 5 years. Right after his business success, Dr. Huang created his private philanthropic foundation, the Charles Huang Foundation to honor his commitments to developing higher education, protecting human health and promoting innovation as a driver for growth globally.
In making this donation, Dr. Huang said, “The Chinese Hospital is the kind of institution I want to support the most. It has an excellent tradition of caring for the local community, especially those less privileged groups. Education and Healthcare have always been the top priorities of my Foundation. This is also why, after making significant donations to my two alma maters in the UK and China, I chose the Chinese Hospital of San Francisco as the recipient of my first charitable donation in the US.”
Dr. Huang added, “during the pandemic, we have witnessed, anti-Asian, particularly anti-Chinese sentiment in the American society. I hope that my donation can also show the American society that Asian Americans, in particular Chinese Americans, do care about our communities, give back to our communities in order to make our communities better and stronger.”
The donation will fund the redevelopment of the hospital outpatient tower infrastructure to lead the way in creating innovative programs that meet the health care needs of the Community. The renovated building will be named as “Charles Huang Foundation Outpatient Tower” with more capacity and services, including addition of new subacute care beds and mental health programs, addressing chronic shortages in the San Francisco area, new surgical suites, nutrition services, as well as laboratory and administrative improvements.
Dr. Jian Zhang, the CEO of the Chinese Hospital said, “With this generous gift, the Chinese Hospital will be able to expand much-needed services for local community and San Francisco at large. We are most grateful to Dr. Huang for his generosity.” Mr. Kitman Chan, Chairman of the Chinese Hospital’s Board of Trustees, added, “This remarkable gift from Dr. Charles Huang will enable our Chinese Hospital to expand the breadth of outstanding health care services offered to the community.”
About Dr. Charles Huang and Charles Huang Foundation
Dr. Huang is the founder and chairman of Pasaca Capital Inc., a California-based multi-billion-dollar evergreen fund with various global portfolio companies in North America, Europe, Asia, and the Middle East in medical devices, pharmaceuticals, TMT, industrials & automation, and entertainment (Innova Medical Group, Canton Technology, ATL, Meepo Inc, Sweegen Inc., KraftPal). Prior to forming Pasaca Capital, Dr. Huang had an exceptional career in investment banking and the automotive sector. His accomplishments include:
Worked in various global investment banks as top stock analyst, partner, executive director
Successfully led and participated in over 26 IPOs in Hong Kong
Served key leadership roles in cross-industrial businesses, such as Brilliance Automotive Group and Hybrid Kinetic Group
Ph.D. in Marketing and MBA from the University of Strathclyde, Scotland; Bachelor’s in Economics from Wuhan University, China.
As he climbed the ladder of success, Dr. Huang founded the Charles Huang Foundation in 2020, looking for meaningful ways to give back to society and help others. Through the Charles Huang Foundation, his personal guiding principles of humanitarianism, global visions, and strong local economies align well with value-based giving and investing to create the positive future for which we all strive.
For more information, please visit: https://www.charleshuangfoundation.org/
About the Chinese Hospital
San Francisco Chinese Hospital is a hospital in San Francisco and the only Chinese hospital in the United States. The hospital is located in San Francisco's Chinatown. The Chinese Hospital’s roots trace back 123 years to 1899 when the Chinatown community opened the Tung Wah Dispensary to provide Eastern and Western medicines for Chinese immigrants who were unable to access mainstream healthcare facilities. Three factors that made it difficult for early Chinese immigrants to seek medical care: many hospitals refused to treat Chinese patients; most hospitals were distant from Chinatown, and prospective patients were subject to attack en route; and most Chinese immigrants did not have sufficient knowledge of English to communicate with American doctors.
Chinese Hospital primarily serves the elderly, poor and immigrants from China in the San Francisco area. The hospital's staff can provide services spoken in English, Mandarin, Cantonese, Taishanese and other languages.
For more information, please visit: www.ChineseHospital-SF.org