Some have an incredibly big heart for giving—this is certainly true for David Koch. On Wednesday May 20th, the Memorial Sloan Kettering Cancer Center announced that it had received a record-breaking gift of $150 million from the influential American businessman, philanthropist, political activist, and chemical engineer. This money will go towards building the David Koch Innovative Patient Care Facility.
Memorial Sloan Kettering (MSK) is the world’s oldest and largest private cancer center, having operated for more than 130 years. Today, they are one of 41 different National Cancer Institute-designated Comprehensive Cancer Centers. They have achieved their success, in part, from their unique fusion of medical expertise and business prowess. With leaders like Chief Medical Officer José Baselga, MD, PhD, and board of trustees member William Ford (CEO of General Atlantic), MSK is able to provide the very best care for their patients while also following business best practices.
The David Koch building will be 23 stories tall and is in development between East 73rd and 74th Streets, overlooking the FDR Drive.
“We are deeply grateful to David for his visionary generosity, which will help ensure that Memorial Sloan Kettering continues to set the pace for advances in patient care,” said Douglas A. Warner III, Chairman of the Boards of Overseers and Managers. “The David H. Koch Center for Cancer Care will accommodate the most sophisticated therapies and constantly-evolving technologies in a setting that enhances the experience of our patients and their families.”
This is the biggest that Koch’s large philanthropic heart has ever been—the $150 million donation is the single largest donation ever made by the philanthropist. Koch’s overall philanthropic contributions span a wide variety of organizations and good causes, and his donation total is now near $1.3 billion in sum. That’s a lot of giving!
David Koch truly is an inspiration to all of us when it comes to having a big heart and donating to a worthy cause.