Memorial Sloan Kettering receives milestone gift from David Koch

Memorial Sloan Kettering Medical Center in New York has received the largest gift in its history — a $150 million commitment from David Koch, a longtime board member and cancer survivor.

Advertisement

The contribution will go toward a new 23-story outpatient facility, The David H. Koch Center for Cancer Care, which is scheduled to open in 2019. MSK has forecasted a 60 percent increase to the number of patients who receive outpatient cancer care. Today, an average of 4,700 patients do so at one of the center’s outpatient locations, including seven suburban facilities.

Mr. Koch, executive vice president of Wichita, Kan.-based Koch Industries, has served on MSK’s Board of Overseers and Managers since 1990. He has contributed $225 million in gifts and pledges to the center.

Craig Thompson, president and CEO of MSK, said the new facility “will be a real game changer” thanks to Mr. Koch’s “landmark commitment.”

Mr. Koch is also on the board of NewYork-Presbyterian Hospital. He pledged $100 million to the hospital in 2013.

Advertisement

Next Up in Financial Management

  • Healthcare leaders are often expected to compartmentalize emotion to make difficult decisions, drive results, and maintain operational focus. For many years, I led…

  • Chicago-based CommonSpirit recorded an operating income of $2 million (0% operating margin) in the second quarter of fiscal 2026, down…

  • Amy Assenmacher, RN, senior vice president of revenue cycle at Grand Rapids, Mich.-based Corewell Health, is confident that healthcare is…

Advertisement

Comments are closed.