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Weill Cornell Medical College announces gifts totaling $400M

NEW YORK, NY (June 13, 2007) -- Weill Cornell Medical College announced today that it is the recipient of $400 million, made up of several major gifts, bringing the prestigious Medical College to the halfway mark in just the first seven months of its $1.3 billion capital campaign -- "Discoveries that Make a Difference" -- launched in October 2006.

These gifts also bring Cornell University's comprehensive campaign, Far Above, the Campaign for Cornell, to $1.653 million.

The largest of the gifts announced today is $250 million -- believed to be the single largest gift ever given to a medical college -- from Joan and Sanford I. Weill, Chairman of the Board of Overseers of Weill Cornell Medical College. Additionally, Mr. & Mrs. Weill are making a $50 million gift to Cornell University -- the largest gift ever to the Ithaca campus from an individual -- to help fund its New Life Sciences Initiative, which aims to keep the University competitive in light of vast changes in genomics and interdisciplinary research. This initiative will help advance research and other collaborations between Ithaca-based and Weill Cornell faculty. The combined $300 million is the largest gift to the University from a single individual. To date, Mr. and Mrs. Weill and the Weill Family Foundation have given more than $500 million to Weill Cornell Medical College.

Maurice R. Greenberg, a member of the Board of Overseers of Weill Cornell Medical College and Chairman and CEO of C. V. Starr and Company, and his wife Corinne, are giving $25 million. Another $25 million comes from the Starr Foundation. The Greenbergs and the Starr Foundation have been generous and loyal benefactors of the Weill Cornell Medical College and NewYork-Presbyterian Hospital. Mr. Greenberg is also the Chairman Emeritus of NewYork-Presbyterian Hospital.

The final donation is a $100 million gift from long-time supporters of Weill Cornell who wish to remain anonymous.


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Contact: Jonathan Weil
jweil@med.cornell.edu
212-821-0560
New York- Presbyterian Hospital/Weill Cornell Medical Center/Weill Cornell Medical College
13-Jun-2007


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