2 as chief operating officer in 2018. He joined Blackstone after graduating, working in both the corporate advisory services and private-equity groups. [1] He is also chairman of Hilton Worldwide.[2]. At the very least, we want to develop a tool that can discover disease well before it presents itself. Men and women who carry a BRCA1 or BRCA2 gene mutation are at increased risk for developing certain cancers including breast, ovarian, pancreatic and prostate cancers. She holds an MBA from Harvard Business School and a Bachelor of Arts in Political Science from Brown University. Despite our twelve-year age gap, she always treated me like an equal. He began his careerat Johns Hopkins University School of Medicine, where he becameDirector of the Division of Hematology, the Johns Hopkins Family Professor in Oncology Research, the Vice Dean for Research and Director of the Hopkins Institute for Cell Engineering. She taught me to talk to animals, especially our crazy cats, she taught me to enjoy Kraft macaroni and cheese at midnight (even when I wasnt the slightest bit hungry), and she taught me that no walks too long if you have a friend by your side. [6] Gray withdrew his name from consideration[21] and Steven Mnuchin was eventually nominated and confirmed. She is the Chair of the Basser Leadership Council and serves on the boards of the University of Pennsylvania School of Medicine and NYC Kids RISE. Because of this, the only way to truly reduce risk is removing a womans ovaries (and fallopian tubes). With the Basser Research Center, we want to ensure that families affected by BRCA 1 and BRCA 2 gene mutations can get the support and genetic counseling that they need and understand their lifetime risk of developing cancer. OCRF: What is your hope for the future in terms of research, and the hope it can bring to those affected by ovarian cancer? So, I became a Board Member in 2004, and an Executive Committee Member in 2007. Mr. Gray currently serves as Chairman of the Board of Hilton Worldwide. Read On. Mindy and Jon Gray graduated from Penn in 1992. On Tuesday, private equity tycoon Jonathan Gray and his wife Mindy announced $25 million in funding for research on pernicious genetic mutations that can lead to breast and ovarian cancer. She holds an MPH from the Harvard T.H. The gift comes after the couple poured $55 million in the past seven years into University of Pennsylvanias Basser Center for BRCA, the worlds first hub devoted to studying cancers related to BRCA mutations. [28], The Grays have donated over $150 million to BRCA cancer research. The Grays are out to change the landscape with their latest research grants, believing BRCA-related cancers can be dramatically reduced through advanced testings that catch the disease before the cancer forms. Prior to joining the Foundation, Margaret worked at Geller & Company in the Human Capital Department. Mindy Gray: I was immediately impressed with the leadership of OCRF and deeply committed to their mission of funding scientific research to help find a cure. September 15, 2022 $55 million gift to Penn is aimed at stopping breast cancer before it starts Mindy Gray and her husband, Blackstone president Jon Gray, gave the money in honor of Mindy's sister Faith Basser. A Personal Connection Becomes a Professional Mission, Next: The couple has supported the University throughout their 25 years since graduation. Mindy Gray: My sister Faith had a BRCA 1 gene mutation. She is the Chair of the NYC Kids RISE Board and a member of the Basser Leadership Council at the Abramson Cancer Center at the University of Pennsylvania. [29], In October 2022, the Grays announced a gift of $55 million[36] to establish the Basser Cancer Interception Institute as part of the Basser Center for BRCA. In our case, it was not that it was overlooked by doctors; it was simply a question of not knowing our family history. [38], In November 2016, The New York Times reported on a $10million donation from the Grays to finance a pilot program that creates college savings accounts for thousands of New York City public school kindergartners. Dang and a group of independent scientists eventually vetted over 50 applications to decide on seven teams with researchers spanning from Harvard and Cornell to Australias QIMR Berghofer and Britains Wellcome Sanger Institute. 2023 Ovarian Cancer Research Alliance, Inc. All rights reserved. The billionaire has collected more than $1 billion in dividends and compensation since 2011, according to data compiled by Bloomberg. See the article in its original context from. Gray recently donated $10million to purchase a building in northern Manhattan which will serve as the organization's second elementary school. Last week, the couple, married for 24 years, were back on campus for a study break with a different kind of chemistry: after visiting Bennett Hall where they took a Romantic poetry class together, they walked across the quad to meet the freshmen whose tuition and expenses theyve agreed to cover for the next four years. Blackstone Inc.s Jon Gray and his wife,Mindy, are funding an institute at their alma mater focused on early detection and prevention of breast, ovarian, pancreatic and prostate cancers. In 2012, Mindy and Jon Gray made a transformative gift to establish the Basser Center for BRCA at Penn Medicine's Abramson Cancer Center and to date have given over $55 million towards its mission. Margaret received her Bachelor of Science in Accounting with a minor in History from the University of Scranton. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. With the leadership of Dr. Chi Dang, Director of the Abramson Cancer Center, and Dr. Susan Domchek, Executive Director of the Basser Research Center, we are confident that we can make huge progress towards this goal. Mindy Gray is a member of the Penn Medicine Board, chair of the Basser Center Leadership Council and a founding board member of New York City Kids RISE, a nonprofit organization focused on expanding economic opportunity by providing a scholarship and savings platform for families, schools and communities. At the very least, we want to develop a tool that can discover disease well before it presents itself. [14] The firm would later come under criticism for its business model, and US Senator Elizabeth Warren criticized Blackstone for "shamelessly" profiting from the 2008 housing crisis. [33] Town & Country (magazine) noted this work in its "Top Philanthropists of 2016" feature, in which the Grays were included. As a subscriber, you have 10 gift articles to give each month. The couple both graduated magna cum laude from the University of Pennsylvania, where he was elected to Phi Beta Kappa. from the Wharton School. in English from the School of Arts & Sciences and a B.S. The couple, both 52, also launched the NYC Kids RISE Save for College Program. Christine Anderson, a spokeswoman for Blackstone, didn't respond to requests for comment on Gray's net worth. The publicly traded company manages $915 billion in assets as of March 31, 2022. The veteran oncology researcher quickly came up with an idea: To host a symposium where leading BRCA experts could gather and discuss issues in the field. From our very first visit to the Abramson Cancer Center within which The Basser Research Center is housed, we were impressed with its beaker to bedside capabilities. The Gray Foundation On Tuesday, private equity tycoon Jonathan Gray and his wife Mindy announced $25 million in funding for. Dana serves on the Board of Peer Health Exchange and on the Presidents Leadership Council and Womens Leadership Council at Brown University. Unfortunately, we did not know this before she was diagnosed with ovarian cancer. Since joining Blackstone in 1992, Jon has helped build the largest real estate platform in the world. Chi Van Dang is the Chief Science Advisor for the Gray Foundation. We knew then that we did not want other families to ever suffer in the way that we had. He is also the President and Chief Operating Officer of Blackstone, one of the world's leading investment firms. Mindy Gray: I have always been impressed with the professionalism and passion that drives both the board and the staff at OCRF. Jon Gray stood by his wife Mindy Tuesday night as they welcomed about a thousand guests to Cipriani Wall Street. Blackstone raises $335 million for first real estate fund. In his senior year at University of Pennsylvania, not long before accepting an offer to work at Blackstone Group Inc., Jon Gray put down a book at the library to ask out Mindy Basser. Maximizing access to education, healthcare and opportunity for low-income youth in New York City. To broaden and organize their philanthropic efforts, the Grays brought in Chi Van Dang, the former director of the University of Pennsylvanias Abramson Cancer Center, to be the chief science advisor for their Gray Foundation in 2018. Mindy Gray is the Co-Founder of the Gray Foundation. I'm a deputy wealth editor covering billionaires and their businesses. Edme Firth Fund for Research in Ovarian Cancer. In partnership with the Basser Center for BRCA and leading cancer institutions across the country, the Basser Initiative @ Gray Foundation is advancing research and awareness efforts. Jon Gray is the Co-Founder of the Gray Foundation. Margaret is the Executive Assistant at the Gray Foundation. Two years after my sister Faith died, I was emotionally ready and anxious to volunteer in any way I could to help in the ovarian cancer community. Pat has served on numerous grant study sections for both national and international organizations. The Grays donated $25million to create the Basser Research Center, which focuses on cancer prevention, treatment, and research of BRCA-related, genetically-inherited cancers. OCRF: Tell us about your sister, Faith, your relationship, and her lasting impact on your life that sparked you to create such a tremendous legacy in her name. 12/14/2012 | Mindy Gray was devastated by the passing of her beloved older sister, Faith Basser. Jon currently serves as Chairman of the Board of Hilton Worldwide and is a board member of Invitation Homes. Faith was artistic, creative, musical, and mathematical. Gray has been a major Democratic donor, backing Hillary Clinton in 2016[21] and several Democratic presidential candidates in the 2020 election[22][23][24][25], The Gray Foundation was launched in 2014, focusing on inherited BRCA mutations and increasing access to education and healthcare for low-income youth in New York City. Copyright 2023, Basser Center for BRCA at Penn Medicine, https://www.youtube.com/channel/UCqj1PAWOYriQ_AC0r2VO7NA/videos. This is more proactive investing than reactive, says Mindy Gray. In our case, it was not that it was overlooked by doctors; it was simply a question of not knowing our family history. Amazon Pauses Construction on Second Headquarters in Virginia as It Cuts Jobs, iPhone Maker Plans $700 Million India Plant in Shift From China, Amazon Is Closing Its Cashierless Stores in NYC, San Francisco and Seattle, S&P 500 Notches Best Week Since Late January: Markets Wrap, Stock Traders Are Ignoring Blaring Bond Alarms. 2023 Ovarian Cancer Research Alliance, Inc. A Personal Connection Becomes a Professional Mission. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. Under the same roof that scientific research is furthered, patients are diagnosed, treated and, we hope someday, CURED. She taught me how to blow bubbles, how to disco dance, how to properly tickle feet, and how to knot my hair in a bun. Theres no way to look at ovarian cancer unless you open up a womans body, says Mindy Gray. [26], As of 2018, Gray had donated $120 million in his lifetime. The Center is focused on funding scientific research and giving brilliant research scientists the state-of-the-art facilities and the freedom to discover innovative paths to treatment, prevention and cure. They have since dedicated their lives to the research and awareness of BRCA- related . The hope is eventually BRCA-related cancers can be screened and treated at its earliest stages, rendering risk reduction surgeries obsolete. He also serves as Scientific Director of the Ludwig Institute for Cancer Research and professor at The Wistar Institute. Identified in the mid-1990s, mutations in the BRCA1 and BRCA2 genes can lead to drastically higher rates of breast and ovarian cancer in women, as well as elevated risk of prostate and pancreatic cancer. These are serious risks that must be managed and because they will affect family members across generations, they are risks that also must be communicated. Mindy Gray: Right now there is no viable tool for early detection of ovarian cancer. Mindy Basser, a daughter of Pearl and Philip B. Basser of Philadelphia, is to be married this evening to Jonathan David Gray, a son of Susan Florsheim of Highland Park, Ill., and Allen. Mindy Gray: Faith was my mentor, my guide, my role model. OCRF: If you could send one message to ovarian cancer survivors, their caregivers and loved ones, what would it be? He is a member of the National Academy of Medicine, fellow of the American Academy of Arts & Sciences, fellow of the American Association for Cancer Research Academy, and was a member of the Cancer Moonshot Blue Ribbon Panel. OCRF: Why did you join OCRFs Board of Directors? converted to U.S. dollars at current exchange rates Read The aspirational goal would be to understand the process of cancer development early enough and then look at ways to intervene, hopefully eradicate, prevent the cancer from even developing., What we aspire to do is build a precancer atlas for BRCA, lay a road map for everyone in the world to use, continues Dang. Though breast cancer can be screened through mammograms and MRIs, tests and prevention for ovarian cancer remain elusive, and the disease often flies under the radar until its later stages. Source: Daniel Burke Photo&Video via University of Pennsylvania. Gift will support first-generation, low-income students, Grays also founded Basser Center for BRCA at their alma mater. In creating the Basser Research Center in my sisters name, my husband Jon and I are fervently hoping that we can one day prevent other families from experiencing the unthinkable loss of a loved one. Were going out and asking them to think outside the box. The granteessome of whom are analyzing precancerous tissue while others are working on early detection methodswill meet again this winter to discuss and collaborate on their findings. Thinking bigger, we want to develop a preventive vaccine for those not yet affected and a cure for women who are! She was the best kind of mix of big sister, mother and friend. OCRF: As a longtime OCRF Board member, what are your feelings about the organization? In 2012, Mindy and Jon Gray made a transformative gift to establish the Basser Center for BRCA at Penn Medicines Abramson Cancer Center and to date have given over $55 million towards itsmission. [7], Gray led Blackstone's LBO of Hilton Hotels, which became the most profitable private equity real estate deal ever, earning $14 billion for the firm's investors. Family members died young and medical records never made it over, so there was simply no history of disease that could be tracked. Pat holds Bachelors and Masters degrees in biophysics from the University of Quebec, Canada and obtained his Ph.D. in molecular biology from Boston University. The Grays donated $25 million to create the Basser Research Center, which focuses on cancer prevention, treatment, and research of BRCA-related, genetically-inherited cancers. [35] In July 2019, it was announced that the Grays would donate a further $25million for research on pernicious genetic mutations that can lead to breast and ovarian cancer. Mr. Gray previously served as the firm's Global Head of Real Estate, which he helped to build into the largest real estate platform in the world. OCRF: Tell us about the path that led you and Jon to together create the Basser Research Center with a $25 million gift to the University of Pennsylvania. Try telling this to a woman in her 20s who is BRCA-positive and not yet married. Each net worth figure is updated every business day after the close of trading in New York. [41] In 2021 the Gray Foundation contributed $15 million to a program that opens a college savings account with $100 for every child enrolled in New York City public kindergartens.
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