Northwestern University has received a $92 million donation from financial executive Louis Simpson and his wife, Kimberly Querrey, to support a new research hub at the school's Chicago medical campus, the Chicago Tribune reports. The planned 12-story center will be named for the donors, who are, respectively, the chairman and the president of the Florida-based investment firm SQ Advisors.
The bulk of the gift will support work in regenerative medicine, the focus of an earlier $25 million gift from Mr. Simpson, a 1958 Northwestern graduate, and Ms. Querrey. That donation endowed the university's Simpson Querrey Institute for BioNanotechnology in Medicine, which conducts research to investigate applications of nanotechnology in regenerative medicine. The couple have now donated $117.8 million toward the university's current $3.75 billion capital campaign, making them biggest donors to the drive.