$35 Million Gift from Larry and Judy Tanenbaum Launches Fundraising Drive for Endowment to Support Medical Research
Mount Sinai Hospital is pleased to announce that Larry and Judy
Tanenbaum have made a transformative $35 million gift in support of
research at the Hospital. In recognition of the gift, the Hospital’s
research institute will be re-named the Lunenfeld-Tanenbaum Research
Institute. The Lunenfeld-Tanenbaum is already ranked among the top ten
medical research institutes in the world and this gift will propel
further growth that will transform patient care in the future.
The gift by Larry and Judy Tanenbaum launches a major fundraising
drive with the goal of achieving a $50 million endowment to sustain and
grow the leading-edge research at the Lunenfeld-Tanenbaum Research
Institute.
“Research is about finding answers to questions, where failure is
more common than success, and where the cost of success requires time,
patience and investment. Judy and I continue to be inspired and
rewarded by the researchers at Mount Sinai and the quiet success they
are achieving. Their discoveries are transforming the way that we
understand disease and this not only positions Canada as a leader in
biomedical research, but is leading the way towards how patients will
be cared for in the future,” says Larry Tanenbaum, Chairman of Maple
Leaf Sports & Entertainment Ltd.
Mount Sinai Hospital Chairman, Jay S. Hennick, made the historic
announcement today in Toronto with the Hon. Kathleen Wynne, Premier of
Ontario by the donors’ side.
“Larry and Judy Tanenbaum exemplify the very best of
philanthropic, civic and business leadership in this country. Their
invitation to other philanthropists to join them sets them apart as
they inspire others to stand up as role models in the community,
says Jay S. Hennick, Chair of the Board, Mount Sinai
Hospital.
The gift will support the research of internationally recognized
investigators working towards the prevention, detection and treatment
of health conditions that are aligned with Mount Sinai’s flagship
clinical programs. These include cancer, diabetes, rheumatoid
arthritis, maternal and infant health, neurodegenerative diseases and
mental health disorders. The Lunenfeld-Tanenbaum Research Institute is
home to Canada’s largest research team focused on maternal and infant
health and ranks #1 in diabetes research among academic hospitals
worldwide.
“Larry and Judy’s gift today is an extraordinary example of what
can happen in Ontario when private and public investment work together.
It is an inspiring act that will support our research community and
change countless lives," says The Hon.Kathleen Wynne, Premier of
Ontario.
Mr. & Mrs. Tanenbaum have made their gift as a catalyst to
inspire additional gifts from the community, creating sustainable
funding for scientists at the Lunenfeld-Tanenbaum. Thanking Mr. &
Mrs. Tanenbaum was Brent S. Belzberg, Mount Sinai Hospital Foundation
Chairman, who also heads the Hospital’s major fundraising campaign and
will work with other donors to take up the Tanenbaums’ challenge and
secure the full endowment target envisioned.
The Chairman of Maple Leaf Sports & Entertainment Ltd., Larry
Tanenbaum is one of the country’s most influential and respected
business, civic and philanthropic leaders and today’s announcement is
the latest chapter in over four decades of his volunteer and
philanthropic leadership at Mount Sinai. As a passionate advocate for
medical research, Mr. Tanenbaum has chaired Mount Sinai’s research
committee of the board of directors and has been a strong voice for
research that asks “why?” and allows vision and creativity to fuel
innovative medical discoveries that will revolutionize patient
care.
“I know I speak for all of the Lunenfeld-Tanenbaum
scientists at Mount Sinai Hospital in thanking Larry and Judy Tanenbaum
and their family for this extraordinary commitment to medical research.
I also know our researchers will continue to make them, and the people
of the wonderful Province of Ontario, proud,” says Jim Woodgett,
Director of Research, Lunenfeld-Tanenbaum Research Institute.
For more
information about the Lunenfeld-Tanenbaum Research Institute of
Mount Sinai Hospital, click here.
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