LOS ANGELES (CBS / AP) — Oracle founder Larry Ellison has donated $200 million to the University of Southern California to fund a cancer research center, matching the largest single donation ever received by the school.
The Los Angeles Times reports the university announced Ellison’s gift Wednesday. The money will fund the Lawrence J. Ellison Institute for Transformative Medicine, which will be built off campus in west Los Angeles.READ MORE: Oakland City Council Votes to Defund Police, Stripping More Than $17M from Department Budget
The institute will be led by professor of engineering and medicine David Agus and will focus on preventing, detecting and treating cancer.READ MORE: San Francisco City Employees Respond to COVID Vaccine Mandate
USC President C. L. Max Nikias says Ellison’s donation and plans to invest in cancer research have been discussed for over a year.
The university’s previous $200 million donation was from the chairman of a large steel fabricating company, David Dornsife, in 2011.MORE NEWS: 2 Arrests Made In Pittsburg Shooting That Killed 19-Year-Old Antioch Man
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