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October 09, 2015

$25 Million for U. of Missouri and $20 Million for NYU Plastic Surgery

The University of Missouri announced a $25-million donation Thursday from energy executive Richard Kinder's family foundation to expand a program for the study of democratic principles, The Kansas City Star and the Columbia Daily Tribune write. The gift establishes a permanent endowment for the Kinder Institute on Constitutional Democracy, formerly the Kinder Forum, which will will offer postdoctoral fellowships, research, and travel grants.

Mr. Kinder, a Missouri native and university alumnus, is co-founder of Kinder Morgan a Houston-based pipeline firm. The gift kicks off the public phase of a $1.3-billion capital drive the university launched Thursday. The campaign raised half of its target during a silent phase.

The New York University School of Medicine has received a $20-million contribution from Swiss-born medical entrepreneur HansjÓ§rg Wyss to bolster its Department of Plastic Surgery, reports Becker's Hospital Review. The department has been renamed for the donor and will use the funds to expand programs and invest in new technology.

Mr. Wyss was the chief executive officer of Synthes, a medical-device manufacturer now owned by Johnson & Johnson. Since the sale, he has focused on philanthropy and is best known for making two $125-million gifts to Harvard University.