Grant :: Redstone pledges $105 million for cancer & health research

Sumner M. Redstone announced a commitment of $105 million in charitable grants to fund research and patient care advancements in cancer and burn recovery at three major non-profit healthcare organizations.

The cash contributions of $35 million each will be paid out over five years to FasterCures/The Center for Accelerating Medical Solutions, based in Washington D.C.; the Cedars-Sinai Prostate Cancer Center in Los Angeles, California; and the Massachusetts General Hospital in Boston, Massachusetts.

Mr. Redstone said: “Advancements in research and medical science are creating a better world and a higher quality of life for all of us. Like many, I have personally benefited from these advancements and have been an active contributor for many years to help speed their development. But I also know that there is so much more to be done and with the right resources in the right hands, we can make even more rapid progress and literally change the world.

“The grants are targeted at specific areas of medical research and intended to make a significant and direct impact on patients. These grants, which I am making through the Sumner M. Redstone Charitable Foundation, are also based on my personal confidence in and admiration for several remarkable individuals and organizations that have made a difference in the lives of many. Thanks to people like Mike Milken and Dr. David Agus, and the fantastic work of The Milken Institute and FasterCures, as well as the Louis Warschaw Prostate Cancer Center at Cedars-Sinai Medical Center, we are beginning to unlock the mysteries of cancer and other major diseases, particularly prostate cancer, which today affects one in six American men.

“I am also pleased to renew my longstanding support for the innovative research of Dr. John Burke and the heroic work of the Burn Center at Mass General Hospital and to extend my involvement to its Emergency Care Department,” Mr. Redstone added. “Mass General is approaching its 200th year of innovative and compassionate service to the community. The strides they are making in helping people rebuild their bodies and their lives are both extraordinary and inspirational.”

Mr. Redstone, who is the controlling shareholder and Executive Chairman of Viacom Inc. and CBS Corporation, also announced that he intends to make additional grants in the future.


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