$100 million going to Baylor for cancer unit
Energy magnate Dan Duncan’s gift will set record for Medical Center
— reported by the Houston Chronicle
Baylor College of Medicine will announce today that energy magnate Dan Duncan is giving it $100 million, the largest gift ever to an institution in the Texas Medical Center.
The donation will fund Baylor’s efforts to become only the second comprehensive cancer center in Houston. That federal designation is now claimed only by the University of Texas M.D. Anderson Cancer Center.
Duncan, a prostate cancer survivor who lost his father to leukemia and his first wife to ovarian cancer, called himself “very lucky” in business and said the donation was his way of giving back to the community.
He said the donation was not meant to propel Baylor into competition with M.D. Anderson. Noting that he spoke about it to M.D. Anderson President Dr. John Mendelsohn, he said Baylor’s efforts will be collaborative.
Duncan is the city’s wealthiest man. Founder and majority owner of Enterprise Partners, a Fortune 500 company, he ranked 93rd, with a net worth of $5.1 billion, on Forbes Magazine’s 2005 list of richest Americans.
The gift is Duncan’s second big donation to Baylor in the last 16 months. He gave $35 million, the college’s previous high, in September 2004 for its outpatient clinic, which is scheduled to be finished by late 2007.