Forbes’ $17.5 million gift to stimulate cancer research
The University of Michigan Board of Regents today announced a $17.5 million commitment for cancer research from Madeline and Sidney Forbes of Bloomfield Hills, Michigan.
This gift to the university’s $4 billion Victors for Michigan campaign will create the Forbes Institute for Cancer Discovery within the U-M Comprehensive Cancer Center.
It is the largest private donation for cancer research in the school’s history.
U-M’s Board of Regents approved establishing the institute today during its monthly meeting.
In addition, the Forbes’ gift will:
- Advance cutting-edge science from the laboratory to patients by stimulating innovative technology and new therapies.
- Offer team research awards for cross-disciplinary efforts — bringing together faculty from disparate areas including medicine, business, pharmacy, dentistry, engineering and public health. Such research will be aimed at developing better cancer treatments.
- Create Senior Forbes Scholars and Emerging Forbes Scholars programs in cancer discovery.
- Establish the Madeline and Sidney Forbes Professorship in Oncology within the U-M Comprehensive Cancer Center. This professorship has been awarded to Max S. Wicha, M.D.
Accelerating Discovery in Cancer Therapy
The goal of the Forbes Institute will be to encourage scientists across the university to undertake high-risk, high-reward initiatives with the potential to drive new advances in cancer research. The intent is to fuel rapid development of innovative technology and new therapies, bringing better, more targeted treatments to the 1.6 million Americans diagnosed with cancer each year.
“Defeating cancer will take victors to move the process along and continue the fight toward conquering this dreadful disease. There is no better place to lead this fight, than the University of Michigan,” says Sidney Forbes.
“We have worked with Max Wicha for years to develop the idea for this institute. As the founding director of the Comprehensive Cancer Center, he and that team provided invaluable insights into what we can hope to achieve,” he says.
“Maddie and I wanted to support a cause that not only we and our children can contribute to, but that our grandchildren can perpetuate and carry on into the future. Our family is honored to be able to support this effort,” he adds.