Weill Cornell Gifted $75 Million For Cancer Research

NEW YORK (CBSNewYork/AP) - Weill Cornell Medical College has received a $75 million gift to expand its cancer research and care programs.

The donation was made by Sandra and Edward Meyer.

The school's cancer research center will be named the Sandra and Edward Meyer Cancer Center. Weill Cornell's flagship building on the Upper East Side also will bear their name and will be called the Sandra and Edward Meyer Research and Education Building.

"As longtime friends of Ed and Sandy, it gives Joan and me great pleasure to witness the Meyer family's exceptional investment in Weill Cornell and its preeminent cancer research enterprise," said Sanford I. Weill, chairman of the Weill Cornell Board of Overseers. "With their gift, the Meyer family has shown their steadfast dedication to enhancing human health and leaving a lasting mark on science and medicine."

Edward Meyer is chairman of the investment firm Ocean Road Advisors, Inc. He's the former president and CEO of Grey Global Group, an advertising, marketing and communications company.

He's also a graduate of Cornell University. Meyer funded the Edward H. Meyer Professorship of Economics at the university in 2012.

The college says the gift will enable Weill Cornell to pursue groundbreaking cancer therapies.

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