Read the whole thing.MIT has announced a $100 million gift from Koch Industries executive and MIT alumnus David H. Koch that will usher in new paradigms in highly integrative cancer research. The gift will bring together MIT scientists and engineers under one roof to develop new and powerful ways to detect, diagnose, treat, and manage this often deadly disease.
The David H. Koch Institute for Integrative Cancer Research--the cornerstone of a major research initiative comparable to MIT's spearheading the development of radar technology in World War II--will be housed in a new state-of-the-art cancer research facility, scheduled to open in 2010. The new Koch Institute will build on the pioneering research of MIT's Center for Cancer Research (CCR), founded by Nobel Prize winner Salvador E. Luria in 1974, and will bring to the next level MIT's longstanding commitment to unraveling the molecular core of the disease.
David's big brother, Charles Koch, is also very active in philanthropy, supporting organizations that support the cause of liberty, including the Mercatus Center, where I used to work. Here is an excerpt from a previous post I wrote about him:
Mr. Koch is CEO of Koch Industries, is the world’s 33rd wealthiest individual, and sits on the board of the Mercatus Center, where I work. From what I understand, Mr. Koch was also very instrumental in Vernon Smith (who won the Nobel Prize in Economics in 2002) coming to George Mason University. According to his profile on the Koch foundation website, he also “helped found a number of organizations, including the Institute for Humane Studies, the Cato Institute, the Mercatus Center and George Mason University, the Bill of Rights Institute, and the Market Based Management Institute.”Read the rest of that too.
Both of the Koch brothers offer great examples of successful businessmen who are using their fortunes in targeted philanthropy in hopes of improving the world.
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