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Posted on May 12, 2010   print  

Mount Sinai Medical Center Receives $20 Million Gift

Mount Sinai Medical Center Receives $20 Million Gift

Richard Friedman, the head of the merchant banking division at Goldman Sachs, and his wife, Susan, have donated $20 million to the Mount Sinai Medical Center, the Wall Street Journal reports.

The gift, which will be used to create the Friedman Brain Institute, an interdisciplinary center dedicated to the study of the brain and nervous system, will also be leveraged to help raise an additional $50 million toward the center's $100 million capital campaign goal. A portion of the gift will be used to recruit twenty to twenty-five additional neuroscientists and expand the center's scientific and clinical research in areas such as Alzheimer's disease, schizophrenia, depression, and autism spectrum disorders.

Friedman has served on the center's board of trustees since 2001, but his interest in the field of neuroscience blossomed after his son started studying the field and secured a summer internship with Dr. Eric Nestler, the brain institute's director. "Brain-related issues affect more people than almost any other area of medicine," said Friedman. "This is the next frontier for scientific research and development."

Banjo, Shelly. “Goldman Official Invests $20 Million in Mount Sinai.” Wall Street Journal 5/07/10.

Primary Subject: Health
Secondary Subject(s): Medical Research
Location(s): New York, New York City

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Related Links
Gatsby Charitable Foundation Awards $4 Million for Brain Research (3/28/10)
Goldman Sachs Said to Be Considering Required Giving Program (1/12/10)
Goldman Sachs Bonuses Could Overshadow Philanthropic Initiatives (10/19/09)
Bronfman Philanthropies Awards $12.5 Million to Mount Sinai Medical Center (4/11/07)

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