Bill Ackman and His Wife Neri Oxman Commit $400 Million for Brain Research Institute
The nonprofit will use a 10 million-share transfer and an internal venture arm to speed treatments for neurological injuries and brain disease.
- Billionaire Bill Ackman and Neri Oxman are committing approximately $400 million to establish the Ackman Oxman Institute , a nonprofit center in Manhattan dedicated to brain research, medical rehabilitation, and human longevity.
- The initiative follows a family crisis earlier this year when Ackman's 26-year-old daughter, Lucy, suffered a massive brain hemorrhage. Seeking a system to turn clinical breakthroughs into treatments, Ackman pledged to "invest unlimited resources to restore her to life."
- To provide long-term funding, Ackman transferred 10 million shares of Pershing Square Capital Management to the institute. The campus will occupy a 3.4-acre footprint on Manhattan's West Side, encompassing roughly 680,000 square feet across multiple buildings.
- Rather than focusing on traditional academic publishing, the nonprofit will operate with a commercial orientation to accelerate medical tools. Its advisory board includes Nobel laureate James Rothman and neurosurgeon Chris Kellner, who directed Lucy's care team.
- The family plans to contribute another gift of similar magnitude to cover early operational expenses. While remaining separate from higher education, the organization plans to collaborate non-exclusively with major hospital systems, including Mount Sinai.
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Billionaire Bill Ackman donates $400 million to brain research: shares heartbreaking story of daughter's coma, says he wants cure, not Nobel Prize winners
US News: Billionaire Bill Ackman and his wife, Neri Oxman, announced their new commitment of $400 million to establish a new non-profit institute dedicated to .
Bill Ackman and his wife Neri Oxman commit $400 million for brain research institute
Billionaire hedge fund manager Bill Ackman and his wife Neri Oxman are committing approximately $400 million to establish a nonprofit institute focused on brain research, medical rehabilitation, and human longevity. The initiative was spurred by a family crisis earlier this year, when in February, Ackman’s 26-year-old daughter, Lucy, suffered a massive brain hemorrhage in her Brooklyn apartment. Found unconscious, she underwent emergency surgery…
Billionaire hedge fund mogul announces large Manhattan brain research, treatment facility after daughter debilitated by massive brain hemorrhage
Billionaire Jewish hedge fund manager Bill Ackman is responding, in part, to his daughter’s medical crisis with a massive investment in brain health and rehabilitation.In early February, Ackman’s 26-year-old daughter, Lucy, suffered a massive brain bleed which has left her totally blind and unable to speak, he wrote on social media.Lucy is slowly rehabilitating and has recovered the ability to walk short distances and to understand everything go…
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