The sweet smell of money
Ross Perot gives $20 million to M.D. Anderson, joining the cancer center's megadonors roll
Dallas billionaire H. Ross Perot joins an elite group of Texas philanthropists who are among the top donors to the University of Texas M.D. Anderson Cancer Center. It was announced today that he is giving $20 million to the leading cancer institute for research to advance and design novel targeted therapies.
M.D. Anderson reports that the fund will be divided equally between two new initiatives: An Institute for Personalized Cancer Therapy and a Center for Targeted Therapy.
Perot who at one time was number 50 on the Forbes 400 list of the richest Americans, made his fortune through Electronic Data Systems, which he founded in 1962, and Perot Systems, which he started in 1988.
He has a long-standing relationship of support for M.D. Anderson, having established the Norman Brinker Award for Research Excellence at M.D. Anderson in 2004.
The cancer center has a history of generous patrons, a list topped by Dallas businessman T. Boone Pickens, who through his foundation gave $50 million in 2007. The Dan L. Duncan Family Foundation of Houston made the second largest gift ever to the hospital — $35 million in 2008.
The list of elite contributors who have made substantial gifts includes Charline and Red McCombs of San Antonio, who gave $30 million in 2005; Houstonians Albert and Margaret Alkek, who donated $30 million in 1993 and the estate of Caroline Weiss Law of Houston, which bequeathed $25 million to the hospital in 2004.
Keeping these gifts in perspective, the Dan L. Duncan Family Foundation donated $100 million to Baylor College of Medicine in 2006, the largest single philanthropic gift in Texas Medical Center history.