Chinese Hospital receives record high $7 million donation from So Cal entrepreneur Dr. Charles Huang

(SAN FRANCISCO) The 123-year-old Chinese Hospital received its single largest donation of $7 million from Dr. Charles Huang, an immigrant from China and entrepreneur from Southern California.

The donation presentation ceremony was held on June 2 in the Chinese Hospital. Political leaders and members of the Chinese Hospital Board of Trustees joined the event to thank Huang for the support to the hospital which is primarily serving the Chinese immigrant community in San Francisco and the Bay Area.

Huang travelled to San Francisco Chinatown to sign the donation agreement and spoke in the ceremony. “I am very pleased with this opportunity to support the Chinese Hospital through my donation. This institution has an excellent tradition of caring for the people in the local community, especially those in the less privileged backgrounds. I chose the Chinese Hospital as the first recipient of my major charity donations in the country as my gift will enable it to provide even better access to quality healthcare for those in need the most.”

Dr. Jian Zhang, CEO of Chinese Hospital, expressed her appreciation to Huang and stated that the donation would fund the redevelopment of the six-story outpatient tower which is located next to the new hospital building completed in 2016. "The refurbishment will touch every square foot of the building. The project to rebuild the entire infrastructure, including the electrical backbone has already begun," said Zhang.

Kitman Chan, Chinese Hospital’s Board of Trustees’ Chair, added, “Dr. Charles Huang’s generous donation will help Chinese Hospital continue its mission to care for the community in a cost-effective way. It is important for us to continue our programs to support the community during this difficult time and in the future.”

According to the website of Pasaca Capital Inc., a private equity investment firm in Pasadena, Southern California, founded by Huang and focused on innovative technologies, Huang was born and grew up in Wuhan, China. After completing his bachelor’s degree in economics from Wuhan University in 1986, he obtained a British Council scholarship to study his MBA and PhD in Marketing at the University of Strathclyde in Glasgow, Scotland.

Following his studies in the U.K, Huang went to Hong Kong and pioneered China equity research in investment banking. He spent over a decade in the automotive industry as a senior executive where he immigrated as a citizen of the United States.

In 2016, Huang founded Pasaca Capital Inc. and later founded Innova Medical Group Inc. He established his foundation and has donated his fortune to a number of organizations. Huang was honored as Philanthropreneur of the Year in 2021 by Southern California State Assemblymember Phillip Chen.