Griffin and Geffen, two billionaires, are giving $400 million to Memorial Sloan Kettering Cancer Center: Largest in Hospital History

Raushan

The Memorial Sloan Kettering Cancer Center announced Tuesday morning that billionaires Ken Griffin and David Geffen will give $400 million to the organization. This is the biggest single gift ever given to the New York-based treatment and research center.

Griffin and Geffen, two billionaires, are giving $400 million to Memorial Sloan Kettering Cancer Center
Ken Griffin of Citadel.
AARON KOTOWSKI/THE FORBES COLLECTION

Tuesday on “Good Morning America,” Griffin and Geffen announced the donation. Griffin said in a statement that he and Geffen are “honored” to support “advancing breakthroughs in research and treatment and the outstanding nurses and staff who dedicate their lives to providing compassionate care to those impacted by this disease.”

In a statement, center president Selwyn Vickers said that the $400 million would “extend the reach and broaden the impact of MSK’s innovative, pioneering approach to cancer treatment and patient care.” The gift announcement did not say how the money would be spent exactly.

Griffin has given around $2 billion to good causes. He paid for the State Department to rescue 800 U.S. citizens from Wuhan during the COVID-19 pandemic and gave $300 million to Harvard’s Faculty of Arts and Sciences. He also gave $125 million to the University of Chicago’s economics department, which is now named after him, and the Chicago Museum of Science and Industry, which will also be named after him next year.

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Geffen has given a lot of money. He promised $150 million to the Los Angeles County Museum of Art, which was the biggest gift the museum had ever received. He also gave $300 million to the medical school at the University of California, Los Angeles, and $100 million to fix up the home of the New York Philharmonic at Lincoln Center. Both of these gifts are now named after him.

BIG NUMBER FIFTY

According to the Centers for Disease Control and Prevention, the number of Americans with cancer will rise by 50% from 2015 to 2050. This is because the population is growing and getting older.

EVALUATION OF FORBES

Griffin started the hedge fund Citadel in Miami in 1990. As of Tuesday, he was the 37th richest person in the world and was worth an estimated $36.3 billion. Geffen is worth $8.1 billion, which makes him the 290th richest person in the world. He helped start DreamWorks Animation and several record labels. Griffin is one of the biggest donors in the country, according to Forbes. He mostly gives to education, economic mobility, and medical study.

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By Raushan
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A Software engineer by profession, cook and blogger by passion
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