Billionaire mall mogul Alfred Taubman donates $56 million to U. of Michigan health system
April 21, 2011
Billionaire mall mogul Alfred Taubman has donated $56 million to his namesake institute at the University of Michigan Health System that will help advance embryonic stem cell research at U-M.
In 2007, Taubman's $22 million gift to the University of Michigan Health System created the A. Alfred Taubman Medical Research Institute.
At the institute, scientists and scholars are searching for cures and exploring treatments for Amyotrophic Lateral Sclerosis, also known as Lou Gehrig’s disease, as well as breast cancer, prostate cancer, childhood cancers and other diseases. The new gift will help fund fund stem cell therapy that would help treat Alzheimer's disease, said Eva Feldman, the director of the Taubman Institute.