You are here: Home / About Us / News and Media / 2006 News / Biomedical Research in Motion
Share:

Biomedical Research in Motion

Lawrence Tanenbaum makes landmark $25 million donation for research at The Samuel Lunenfeld Research Institute of Mount Sinai Hospital

TORONTO, June 20, 2006 – Canadian philanthropist Lawrence Tanenbaum demonstrated his commitment to furthering biomedical research in Ontario through a magnanimous donation of $25 million to the Samuel Lunenfeld Research Institute of Mount Sinai Hospital, and the creation of the Larry and Judy Tanenbaum Family Research Challenge Fund.

“Seeing the remarkable talent and scientific excellence at the Samuel Lunenfeld Research Institute, I am proud to contribute and help these exceptional scientists advance biomedical research in Ontario . They are literally transforming the future of healthcare,” said Tanenbaum, a Vice-Chair of Mount Sinai 's Board of Directors and a leader in the governance of its Research Institute.

This donation is the largest single gift ever received by Mount Sinai , and will support research at the hospital's internationally renowned Samuel Lunenfeld Research Institute. Tanenbaum made his magnanimous gift, in addition to his already generous record of support, in celebration of the outstanding biomedical research occurring at the world-class Research Institute and in the hope of serving as a catalyst for the broader philanthropic community to respond in kind.

This gift is in response to the Ontario government's $25 million investment in the Premier Summit Awards, which were announced in the 2006 Budget. MaRS Discovery District, the administrator of the Awards, recently released the awards' preliminary guidelines. Research projects will be selected through an arm's length, fair and transparent process and adjudicated by two or more internationally recognized scientists from outside the province. Ontario 's best innovators in medical and health research will be recognized with a five-year award totaling one million dollars per year to be funded jointly by the Premier Summit Awards and the recipients' host institutions.

“We'd like to thank the Ontario Government and Premier McGuinty for investing in this extraordinary funding program and to thank MaRS for administering it,” said Mr. Tanenbaum. “The Premier Summit Awards is a wonderful challenge to the philanthropic community to partner in the retention and recruitment of the finest scientists.”

With the Larry and Judy Tanenbaum Family Research Challenge Fund, researchers from the Samuel Lunenfeld Research Institute will have the opportunity to be selected as a Premier Summit Award winner.

“Mr. Tanenbaum's generous gift will change the face of research at Mount Sinai ,” said Dr. James Woodgett, Director of the Samuel Lunenfeld Research Institute. “This donation will not only make a material difference, but it is inspirational in motivating the entire research community.”

Premier McGuinty, who is committed to finding new and creative ways to raise the profile of biomedical research and innovation in Ontario, will recognize Tanenbaum and celebrate his extraordinary gift to Mount Sinai on June 20 at 3:45 pm in the Government Caucus Room (room 247) of the Main Legislative Building at Queen's Park.

“On behalf of all Ontarians, I want to applaud Mr. Tanenbaum – not only for his generous gift, but for all his philanthropic efforts over the years,” said Premier McGuinty. “This donation will allow Ontario to keep even more of our best and brightest medical researchers in Ontario – which is good news for Ontario families who depend on our health care system.”

“This remarkable donation truly reflects the spirit of philanthropy that is flourishing at Mount Sinai Hospital, and confirms Lawrence Tanenbaum's position as one of the country's most generous, innovative and influential philanthropists,” said Joseph Mapa, Mount Sinai Hospital President and CEO.

About Mount Sinai Hospital
Mount Sinai Hospital is recognized nationally and internationally for its excellence in the provision of compassionate patient care, teaching and research. Its key priority programs are Women's and Infants' Health, Surgical Subspecialties and Oncology, Internal Medicine and Subspecialties, and the Samuel Lunenfeld Research Institute. It is a University of Toronto-affiliated patient care, teaching and research centre. Visit www.mtsinai.on.ca.

About Mount Sinai Hospital Foundation
The Mount Sinai Hospital Foundation raises and stewards funds to support patient care, world leading research and innovative education at Mount Sinai Hospital by developing collaborative, long-term relationships across the community. The generous support of donors fuels Hospital initiatives, care and innovation, improving the quality of life of our patients. The Foundation is in the midst of its ambitious $400-million campaign, The Best Medicine , with more than $296-million already raised to fund research, improved facilities and technology, and innovative programs at Mount Sinai . Visit www.mshfoundation.ca.

About the Samuel Lunenfeld Research Institute of Mount Sinai Hospital
Mount Sinai Hospital 's internationally renowned Samuel Lunenfeld Research Institute is committed to excellence in health research, the training of young investigators, and a culture of research-based medicine both within the Hospital and the Institute. Visit www.mshri.on.ca.

— 30 —


For more information, please contact:

Jodi Salem, Publicist
Mount Sinai Hospital
Tel: 416.586.4800 ext. 8306
E-mail: jsalem@mtsinai.on.ca