Griffin and Geffen donating a historic $400 million to Memorial Sloan Kettering Cancer Center, the largest gift in the hospital’s history.

Griffin and Geffen donating $400 million to Memorial Sloan Kettering Cancer Center

Billionaires Ken Griffin and David Geffen are set to donate $400 million to the Memorial Sloan Kettering Cancer Center, marking the largest single contribution in the New York-based institution’s history. The announcement was made on “Good Morning America,” with Griffin expressing their honor in supporting breakthroughs in cancer research, treatment, and the dedicated healthcare professionals at the center.

KEY FACTS:

  • The donation’s specific allocation was not detailed in the announcement, but center president Selwyn Vickers stated it would enhance MSK’s innovative approach to cancer treatment and patient care.
  • Clarification on how the $400 million will be utilized and its distribution between the two billionaires was not provided immediately.
  • Ken Griffin’s philanthropy includes a total of $2 billion, supporting various causes such as the State Department’s Wuhan evacuation and substantial contributions to Harvard and the University of Chicago.
  • David Geffen’s notable donations include a $150 million pledge to the Los Angeles County Museum of Art, $300 million to UCLA’s medical school, and $100 million for the renovation of the New York Philharmonic’s home at Lincoln Center, all bearing his name.
Griffin and Geffen donating $400 million to Memorial Sloan Kettering Cancer Center

BIG NUMBER:

A 50% surge is projected by the Centers for Disease Control and Prevention in the number of Americans with cancer from 2015 to 2050, attributed to both population growth and the aging demographic.

FORBES VALUATION:

As of Tuesday, Ken Griffin, the founder of Citadel hedge fund in Miami since 1990, boasts an estimated net worth of $36.3 billion, securing his position as the 37th wealthiest person globally. Meanwhile, David Geffen, co-founder of DreamWorks Animation and multiple record labels, holds a net worth of $8.1 billion, ranking him as the 290th richest person worldwide. Forbes recognizes Griffin as one of the nation’s leading philanthropists, emphasizing his contributions to education, economic mobility, and medical research.

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