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In 1971 he put nearly all of his international holdings into a cancer research institute that carries his name reluctantly; it has since spent more than $1.8 billion of its own money on cancer science.
Daniel K. Ludwig (1897-1992) built one of the world's largest shipping and industrial fortunes and, in 1971, launched the Ludwig Institute for Cancer Research, endowing it with nearly all of his international holdings; the Institute records that he had to be persuaded strongly to allow his name to be used. Because the Institute funds and runs its own laboratories from its endowment, its scientists could pursue long programmes in tumour immunology, tumour antigens and cancer genomics without grant cycles. Ludwig Cancer Research states that it has invested more than $1.8 billion of its own resources in cancer research and holds an endowment of $1.5 billion, and that Ludwig Centers and professorships created in 2006 at six leading US institutions each receive more than $2 million a year in perpetuity. Few single gifts have funded as much basic cancer biology for as long.
Shares James P. Allison, Stanford Health Care / Stanford Cancer Institute, Funding follows fashion, not burden, Memorial Sloan Kettering Cancer Center and the tags hero, donor.
Shares James P. Allison, The valley of death between lab and product, Funding follows fashion, not burden and the tags hero, donor.
Shares The valley of death between lab and product, Funding follows fashion, not burden, Memorial Sloan Kettering Cancer Center and the tags hero, donor.
Shares The valley of death between lab and product, Funding follows fashion, not burden, Memorial Sloan Kettering Cancer Center and the tags hero, donor.
Shares Stanford Health Care / Stanford Cancer Institute, Funding follows fashion, not burden and the tags hero, donor.
Shares Funding follows fashion, not burden, Memorial Sloan Kettering Cancer Center and the tags hero, donor.
Shares Funding follows fashion, not burden, Comprehensive genomic profiling and the tags hero, donor.
Shares Stanford Health Care / Stanford Cancer Institute, Funding follows fashion, not burden and the tags hero, donor.