Blackstone President Jonathan Gray Donates $25 Million To - Forbes [12][13] The Wall Street Journal reported that Gray went on the biggest home buying spree in history after the foreclosure crisis, spending $10billion in the company's first four years. The Grays are out to change the landscape with their latest research grants, believing BRCA-related cancers can be dramatically reduced through advanced testings that catch the disease before the cancer forms. The Gray Foundation is also focused on But she turned loss into legacy and hurt into hope this year when she and her husband Jon founded the Basser Research Center at the University of Pennsylvania in honor of her sister who succumbed to ovarian cancer at the age of 44. [5] In August 2013, Bloomberg estimated his net worth at just over $1.0billion due to his owning 40.6million Blackstone shares valued at $913million combined with over $120million in bonuses and salary. At Jills suggestion, I reached out to OCRF to ask how I could get involved. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. Dana Zucker is the Chief Executive Officer of the Gray Foundation. OCRF: What is the ultimate goal of the Basser Center? Mindy Gray: Faith was my mentor, my guide, my role model. Last week, the couple, married for 24 years, were back on campus for a study break with a different kind of chemistry: after visiting Bennett Hall where they took a Romantic poetry class together, they walked across the quad to meet the freshmen whose tuition and expenses theyve agreed to cover for the next four years. He also serves as the Executive Director, Strategic Alliances of the Abramson Cancer Center at the University of Pennsylvania. our complete methodology , Design & development: Jon and I are both University of Pennsylvania graduates and feel a deep connection to the University. Mindy Gray: I have always been impressed with the professionalism and passion that drives both the board and the staff at OCRF. [1] He is also chairman of Hilton Worldwide. The Center is focused on funding scientific research and giving brilliant research scientists the state-of-the-art facilities and the freedom to discover innovative paths to treatment, prevention and cure. Mindy Gray, Chair Mindy Gray is the Co-founder of the Gray Foundation, a private foundation committed to maximizing access to education, healthcare and opportunity for low-income children in New York. from the Wharton School. Women with a BRCA 1 mutation have a 60-80% lifetime risk of developing breast cancer and a 20-45% lifetime risk of developing ovarian cancer. No one was better at scooping up a bargain, sniffing out a sale, or stocking up on seriously reduced products than she. In February 2018, he was promoted to president and COO of Blackstone after 13 years as head of the firm's real estate business. The new institute will look for innovative ways to detect and treat BRCA-related cancers before surgery, radiation or chemotherapy become the necessary treatment. Mindy Gray is a member of the Penn Medicine Board, chair of the Basser Center Leadership Council and a founding board member of New York City Kids RISE, a nonprofit organization focused on expanding economic opportunity by providing a scholarship and savings platform for families, schools and communities. The question is what is lurking in the normal tissue that begins to look like cancer, and how our immune system reacts to these abnormal cells before they develop cancer, says Dang. Among the unthinkable tragedies of losing her was that she left behind her four-year-old son, Logan, who would no longer have his mom. 2023 Ovarian Cancer Research Alliance, Inc. He serves as a board member of the Pension Real Estate Association and Trinity School and is chairman of the board of Harlem Village Academies. Mindy and John Gray have now committed more than $125 million to the University of Pennsylvania over the last decade, including a $25 million gift that created the Basser Center in 2012 in. Posted on December 14, 2012 in Community, Prev: A Personal Connection Becomes a Professional Mission, Next: Partner Member Profile: Bright Pink. The couple has supported the University throughout their 25 years since graduation. Jonathan D. Gray is born to Chicago entrepreneurs. View Mindy Basser Gray results in Maine (ME) including current phone number, address, relatives, background check report, and property record with Whitepages. The Gray Foundation is also focused on funding initiatives to advance the care of individuals living with BRCA mutations. It reminds me of investing, where youre a high-conviction investor, says Jon Gray, who made his name as Blackstones real estate baron and was promoted to cofounder Steve Schwarzmans No. Unfortunately, we did not know this before she was diagnosed with ovarian cancer. Mindy Gray is a member of the executive committee of the Ovarian Cancer Research Fund Inc., the largest private philanthropy in the United States dedicated exclusively to funding ovarian cancer research. WEDDINGS; Mindy Basser, Jonathan D. Gray - The New York Times PDF Basser Mindy Gray, Chair Amazon Pauses Construction on Second Headquarters in Virginia as It Cuts Jobs, iPhone Maker Plans $700 Million India Plant in Shift From China, Amazon Is Closing Its Cashierless Stores in NYC, San Francisco and Seattle, S&P 500 Notches Best Week Since Late January: Markets Wrap, Stock Traders Are Ignoring Blaring Bond Alarms. The pandemic hasn't changed their philanthropic strategy, but rather has them doubling down, Jon Gray, Blackstone's. Dangs laboratoryhelped define the complex functions of the MYC oncogene and connected MYC to regulation of cancermetabolism. Pat has served on numerous grant study sections for both national and international organizations. [38], In November 2016, The New York Times reported on a $10million donation from the Grays to finance a pilot program that creates college savings accounts for thousands of New York City public school kindergartners. Faith was artistic, creative, musical, and mathematical. Mindy Gray: We are ALL IN on this mission and wont stop until progress is made! [6][16], Gray was scheduled to speak at the November 2022 Global Financial Leaders' Investment Summit, with the Hong Kong Democracy Council claiming that his presence, along with other financial executives, legitimizes the Hong Kong government's whitewashing of the erosion of freedoms in the city. It wasnt until after Faiths death that the family found out she inherited mutated BRCA genes. Jon Gray's net worth of Improving Health through Inclusion | Inspiring Impact Stories [5] He was elected Phi Beta Kappa. [8] Gray continues to act as Chairman of the Board of Hilton Worldwide, which went public in December 2013. The Basser Center was named in honor of Faith Basser, Mindy's sister, who passed away at age 44 from BRCA-related ovarian cancer. Penn graduates Jon Gray, C'92, W'92, and Mindy Basser Gray, C'92, are stepping in to help. The Basser Professorship in Oncology | Endowed - med.upenn.edu Jon currently serves as Chairman of the Board of Hilton Worldwide and is a board member of Invitation Homes. Penn News | Careers in Development & Alumni Relations Mindy Gray: I was immediately impressed with the leadership of OCRF and deeply committed to their mission of funding scientific research to help find a cure. There are so many ways to lend a hand, to improve the lives of thousands of patients and their families, and get us one step closer to a cure. Actress Angelina Jolie, who inherited these genetic mutations, made waves in 2013 for announcing that shed undergone a preventive double mastectomy to reduce the risk of getting breast cancer; she removed her ovaries two years later. Jonathan D. Gray Contact Address, Phone Number, Whatsapp Number Mr. Gray previously served as the firm's Global Head of Real Estate, which he helped to build into the largest real estate platform in the world. Jon and Mindy Graysgift willfund an institute focused on early detectionof breast, ovarian, pancreatic and prostate cancers. She taught me how to blow bubbles, how to disco dance, how to properly tickle feet, and how to knot my hair in a bun. . [31], In 2016, Gray was named to Vanity Fair's "New Establishment" list. From campus recruiting to executive search, Margarets previous experience includes working at Credit Suisse, Goldman Sachs and Heidrick & Struggles, among others. Mindy Gray gives a powerfu. Penn Receives $25 Million Gift to Create Basser Research Center for I felt the more I was involved, the more I could help this mission. In 2018, he gave $23 million, ranking #49 on Forbes' America's Top 50 Givers. Stone. Chan School of Public Health in Health Policy and Management and a Bachelor of Arts in Sociology and Education from Colorado College. With his wife, Mindy, Gray established the Basser Research Center at the University of Pennsylvania School of Medicine, which focuses on the prevention and treatment of certain genetically caused breast and ovarian cancers. Those who know me know I took this one to heart. Faith was artistic, creative, musical, and mathematical. We are singularly focused on putting ourselves out of businessin funding the research that ultimately develops a tool for early detection and in an ideal world, develops a vaccine and/or cure that will prevent anyone from suffering at the hands of this insidious disease ever again. [7], Gray led Blackstone's LBO of Hilton Hotels, which became the most profitable private equity real estate deal ever, earning $14 billion for the firm's investors. He has led the privatization of public real estate companies valued at more than $100 billion, including Extended Stay America, Carr America, Equity Office Properties and Hilton Hotels. Family members died young and medical records never made it over, so there was simply no history of disease that could be tracked. Source: Daniel Burke Photo&Video via University of Pennsylvania. December 14, 2012 He conducted his postdoctoral training at the Johns Hopkins Oncology Center in the laboratory of Dr. Bert Vogelstein, where he studied the molecular genetics of colorectal cancer. [14] The firm would later come under criticism for its business model, and US Senator Elizabeth Warren criticized Blackstone for "shamelessly" profiting from the 2008 housing crisis. The center has been a world leader in BRCA research. $5.30B can buy Gray owns 41 million shares and partnership units in Blackstone Group, according to the 2021 annual report. The grants will be split among seven research teams across the globe and brings the couples lifetime philanthropic giving to over $175 millionincluding over $100 million in BRCA research. He also held an Assistant Professor position at the Johns Hopkins School of Medicine, Department of Pathology, from 1998 until 2012. Since joining Blackstone in 1992, Jon has helped build the largest real estate platform in the world. 2023 Ovarian Cancer Research Alliance, Inc. A Personal Connection Becomes a Professional Mission. Previously, Dana was a Vice President at Teach For America and a Vice President at Lazard Freres & Co. She also worked as a consultant at Bain & Company, as well as in the Venture Capital and Investment Banking Groups at Morgan Stanley. He also serves on the board of Harlem Village Academies. But she turned loss into legacy and hurt into hope this year when she and her husband Jon founded the Basser Research Center at the University of Pennsylvania in honor of her sister who succumbed to ovarian cancer at the age of 44. View Mindy Basser Gray's record in Puyallup, WA including current phone number, address, relatives, background check report, and property record with Whitepages. The Basser Center was established in 2012 with support from Penn alumni Mindy and Jon Gray in honor of Mindy's sister Faith Basser, who died of BRCA-related ovarian cancer at age 44. Jon Gray is the Co-Founder of the Gray Foundation. Jonathan D. Gray Biography, Age, Height, Wife, Net Worth, Family OCRF: If you could send one message to ovarian cancer survivors, their caregivers and loved ones, what would it be? She is the Chair of the Basser Leadership Council and serves on the boards of the University of Pennsylvania School of Medicine and NYC Kids RISE. Though breast cancer can be screened through mammograms and MRIs, tests and prevention for ovarian cancer remain elusive, and the disease often flies under the radar until its later stages. So, I became a Board Member in 2004, and an Executive Committee Member in 2007. Interview with Mindy Gray by Inspirational Women Series Penn alumni donate $55 million to Basser Center for BRCA to research Jon and Mindy Gray, Penn President Amy Gutmann and some of the freshmen the Grays are supporting. Their $55 million gift to the University of Pennsylvania creates a spinoff of the Basser Center for BRCA they founded 10 years ago, and brings their total giving to the school to more than $125 million, most of it for science. He is also the President and Chief Operating Officer of Blackstone, one of the world's leading investment firms. Jonathan D. Gray - Wikipedia The gift comes after the couple poured $55 million in the past seven years into University of Pennsylvanias Basser Center for BRCA, the worlds first hub devoted to studying cancers related to BRCA mutations. Read On. Mindy Gray: My dear friend Jill Seigerman worked for Liz Tilberis, late Editor-in-Chief of Harpers Bazaar and President of OCRF, so I had known about OCRF for years. He joined Blackstone after graduating, working in both the corporate advisory services and private-equity groups. Charissa has dedicated the last 25 years to expanding educational opportunity for NYC youth. Anyone can read what you share. The couple both graduated magna cum laude from the University of Pennsylvania, where he was elected to Phi Beta Kappa. in Mindy Gray is the Co-Founder of the Gray Foundation. We know a lot when patients present cancer, we know what they have, what are the genetic changes that lead to the cancer. Blackstone has $915 billion in assets under management as of March 31, 2022, according to the company's website. His father is a senior associate at Premier Business Group, investment advisers in Buffalo Grove, Ill. His stepfather, James Florsheim, is a senior vice president of the Chicago Corporation, an investment bank in Chicago. Read On, OCRA is the worlds largest non-government funder of ovarian cancer research and has invested more than $110 million into desperately-needed breakthroughs. https://www.nytimes.com/1995/07/02/style/weddings-mindy-basser-jonathan-d-gray.html. All rights reserved. No one was better at scooping up a bargain, sniffing out a sale, or stocking up on seriously reduced products than she. So, I became a Board Member in 2004, and an Executive Committee Member in 2007. The donation was made to establish and fund the Cancer . [2] Early life [ edit] Gray was born in Highland Park, Illinois to a Jewish family. Gray raised the world's largest private real estate fund with $13.3 billion in 2012. Jon and I are both University of Pennsylvania graduates and feel a deep connection to the University. Jon and Mindy Gray Throw Bash to Focus on Genes' Role in Cancer We knew then that we did not want other families to ever suffer in the way that we had. Stakes in publicly traded companies are valued using the share's most recent closing price. Youre passing this on, and thats why you get these families with the grandmother, the mother, the childrenmultigenerations of cancer. [41] In 2021 the Gray Foundation contributed $15 million to a program that opens a college savings account with $100 for every child enrolled in New York City public kindergartens. and each individual billionaire profile contains a detailed analysis of how that person's fortune is tallied. The value of his cash investments is based on an analysis of income, taxes and market performance. [35] In July 2019, it was announced that the Grays would donate a further $25million for research on pernicious genetic mutations that can lead to breast and ovarian cancer. Blackstone's Gray Gives UPenn $55 Million for Cancer Prevention Chi Van Dang is the Chief Science Advisor for the Gray Foundation.
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What Is My Zodiac Sign Quiz, Articles M