Reflections on Giving:
PAMF 2000 Annual Report
Health Care
To maintain quality of care: Physician Endowment Fund
The exorbitant cost of living in the Bay Area has made it increasingly difficult to recruit and retain quality physicians and research scientists. Many top graduates of our nation's medical schools enter the job market with outstand-ing student loans and simply cannot afford to purchase, or even rent, suitable housing. The average cost of buying a home in Palo Alto, for example, is about 10 times higher than the typical starting salary for a physician. With physicians' incomes static, and the price of real estate climbing, we could conceivably become a community without doctors. During the past year, this serious problem -- a longtime concern for PAMF -- prompted donors Patty and Eff Martin to contribute seed money to establish the Physician Endowment Fund. As this fund grows, we hope to be able to assist newly recruited physicians and research scientists with the costs of finding homes and getting settled in the Bay Area.
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