The University of Texas M.D. Anderson Cancer Center announced a $30-million pledge Monday from East Hampton, N.Y., businessman Andy Sabin. The gift, made through the Andrew Sabin Family Foundation, will establish a program to award two-year, $100,000 research fellowships at the Houston institution, starting early next year.
Mr. Sabin is the president of Sabin Metal Corporation, which refines and recycles precious metals, and a member since 2005 of M.D. Anderson's board of visitors. He said the aim of the gift is to provide a vehicle for top scientists to focus on their research work rather than having to "spend 50 percent of their time fundraising in order to sustain innovative projects."