News and analysis
May 26, 2015

Gifts Roundup: David Koch Gives $150 Million to Memorial Sloan Kettering Cancer Center

Memorial Sloan Kettering Cancer Center

A rendering of the new Memorial Sloan Kettering Cancer Center outpatient cancer-care building

A roundup of notable gifts compiled by The Chronicle:

Memorial Sloan Kettering Cancer Center

David Koch pledged $150 million to Memorial Sloan Kettering Cancer Center, the institution announced late last week. The money is for a new outpatient cancer-care building to be named for Mr. Koch. He has previously given the institution gifts totaling $75 million.

Mr. Koch is executive vice president of Koch Industries, a company with interests in manufacturing, trading, and investments.

Rockefeller University

Henry and Marie-Josée Kravis are giving $100 million to Rockefeller University through their Marie-Josée and Henry R. Kravis Foundation, to be used for a new research building. It will be part of a campus expansion announced last year.

Mr. Kravis is a founding partner of the private-equity firm Kohlberg Kravis Roberts & Company, now known as KKR. He serves as vice chairman of Rockefeller’s board of trustees. Ms. Kravis is an economist.

University of Miami

The family of Stuart Miller gave $55 million to the University of Miami last week; $50 million will be used to support the creation of a new medical-education building and $5 million will go to the university’s music school.

Stuart Miller is chief executive of Lennar, a homebuilding company his late father, Leonard, started in the 1950s, and is chairman of the university’s board of trustees.

Inova Health System

Dwight and Martha Schar announced a $50-million donation to Inova Health System for a new cancer center, which is scheduled to open in 2018.

Mr. Schar founded the homebuilding company NRV Inc.

Dartmouth College

Robert and Dorothy King gave $21 million to Dartmouth to expand the King Scholar Leadership Program, which brings students from Africa, Asia, and Latin America to study at the college. The couple helped start the program in 2013.

The Kings graduated from Dartmouth in 1957. Mr. King founded Peninsula Capital, an investment firm.

Colonial Williamsburg Foundation

Forrest Mars Jr. gave $10 million last week to the Colonial Williamsburg Foundation for a new archaeological center.

Mr. Mars is the grandson of Frank Mars, the founder of the candy company Mars Inc.

To learn about other big donations, see our database of gifts of $1 million or more, which is updated throughout the week.

Send an e-mail to Maria Di Mento.