Weill Medical College gets 400 million dollars(301 million EUR) for research and treatment

Weill Medical College of Cornell University has received $400 million (301 million EUR) for research and treatment of obesity, diabetes, cancer and diseases of aging, among others.

Photo: Weill Medical College gets 400 million dollars(301 million EUR) for research and treatment

"The goal is to translate the benefits of research advances immediately to patients," the school said in a statement Wednesday.

The gift also will fund a proposed biomedical research building.

The donations bring the medical school halfway toward its $1.3 billion (980 million EUR) capital campaign, started seven months ago.

The money comes from four different sources: Joan and Sanford I. Weill are giving $250 million (188 million EUR); Corinne and Maurice R. Greenberg are contributing $25 million (18.8 million EUR) and another $25 million from their charity, the Starr Foundation; and an anonymous donor is giving $100 million (75.3 million EUR), the school said.

The medical school is named after Sanford I. Weill, the 74-year-old chairman emeritus of Citigroup, who in the past has given the school $200 million.