News

WashU’s direct and indirect impact to the St. Louis economy in 2024 totaled $9.3 billion, an increase of $500 million from 2023. During fiscal year 2024, which concluded June 30, WashU spent $3.9 billion on salaries, construction and purchasing. That money rippled across the region, generating another $5.4 billion in economic activity. 

Andrew Taylor, an emeritus trustee of Washington University in St. Louis, and his wife, Barbara, have made a $50 million gift to WashU Medicine’s neurosurgery department to enhance groundbreaking research, innovative patient care and the training of the next generation of neurosurgery leaders.

In recognition of a transformative commitment to WashU Medicine from St. Louisan Richard Frimel and his late husband, Gary C. Werths, Siteman Cancer Center’s new building for outpatient care will be named the Gary C. Werths Building. The historic pledge will fund groundbreaking cancer research and medical student scholarships to support aspiring physicians.

For the first time, annual research funding to Washington University in St. Louis has surpassed $1 billion. External funding supports WashU investigators tackling big challenges from Alzheimer’s disease to air pollution to childhood depression. Research funding also ripples across the economy, sparking job growth, new construction and local spending, said Chancellor Andrew D. Martin.

“This building represents hope for patients, their families and the community at large,” Chancellor Andrew D. Martin said. “It is also rooted in WashU Medicine’s longstanding collaboration with BJC HealthCare, and the ways in which we as partners create the kinds of forward-thinking projects that meet the challenges of this moment and anticipate the needs of the future.”