Steve Koch '82 Bicycles Cross-Country to Raise Money for Mt. Sinai Hospital

With his three children out on their own, Steve Koch '82 decided there was no better time than now to take a long bike ride — a really long one.

On Labor Day, the chairman of the board of Sinai Health System embarked on a nearly 3,200-mile cross-country trek to raise funds for a $120-million ambulatory care center for Mount Sinai Hospital, at 1500 S. California Ave, Chicago.

"I got the idea about four years ago. Certain things hit you and most of the time you roll over and go back to sleep, but this stuck with me," says Mr. Koch, co-chairman of Credit Suisse Securities' global mergers and acquisitions group in Chicago. "It was a thought and inspiration that stuck around, and now seemed like a perfect time to do it."

He hopes the journey will bring attention to the work going on at the hospital, where he's spent 24 years on the board. Mr. Koch also has a family connection that dates back to 1919, when his grandfather was among the founders of Mount Sinai Hospital.

The capital campaign's goal is to raise $20 million in philanthropic monies for the center. So far, it's raised $3.6 million — $1 million from the McCormick Foundation and an anonymous $1-million challenge grant from a leading Chicago foundation, according to the board. The remaining funding for the $120 million center is coming from public and private funding sources, according to the hospital.