Published On: Thu, May 12th, 2016

Larry Ellison Just Gave a $200 Million Gift for Cancer Treatment

The Oracle tycoon’s donation is one of the largest ever.



At a fundraising gala for the USC Center on May 11, the Oracle founder has donated $200 million to establish a new cancer research center called the Lawrence J. Ellison Institute, for Transformative Medicine of USC.

Ellison’s gift is among the largest made to cancer treatment in recent years, says David Agus, the professor of medicine and engineering at USC who will run the new center. The center aim to bring together experts from different disciplines to transform the way cancer is treated.

Ellison’s gift will provide the lead investment for a state-of-the-art facility in west Los Angeles that will serve as the Ellison Institute’s home. The building will house interdisciplinary cancer research laboratories focused on scientific discovery and innovation. Clinical advances will focus on transforming cancer treatment through technology and an interactive care clinic that offers patients world-class healthcare. The institute’s collaborative environment will include a think tank, education and outreach, and a wellness program. The institute will feature community spaces built on encouraging a healthful lifestyle, including a library and gardens. The center will be open to the community for lectures and wellness classes on nutrition and similar topics.

“About two years ago, we [Ellison and Agus] were sitting in Malibu having this conversation, ” Agus, who runs USC’s Westside Cancer Center and the Center for Applied Molecular Medicine, told Fortune. “Larry glommed on to it right away and told me I have to convince the university and get all of the pieces together.”

The center will breaks ground in about 6 months.



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