Elsewhere online
June 24, 2015

$50 Million Gift for Cornell Biomedical Work and $25 Million for NYU Langone

Cornell University will build its department of biomedical engineering into a full-fledged school with a $50-million donation from an alumni couple, Capital New York writes. The Nancy E. and Peter C. Meinig School of Biomedical Engineering, named for the donors, will begin admitting undergraduate majors in biomedical engineering in the fall.

The Meinigs gave $25 million to their alma mater in Ithaca, N.Y., in 2007 to bolster life-sciences research. Mr. Meinig is the CEO of HM International, a management and holding company in Tulsa, Okla.

NYU Langone Medical Center has received $25 million from former Fiat chief Paolo Fresco to pursue research on treatments for Parkinson's disease, Capital New York also reports. Mr. Fresco's wife, Marlene, suffers from the neurological condition and has been treated at NYU Langone. The medical center will rename its Parkinson’s and Movement Disorders Center for the couple and establish a sibling institute for Parkinson's studies in Mr. Fresco's native Italy.