The $170 million donation that Sanford Weill ’55 advanced to the University ahead of schedule in January is more valuable than its monetary worth alone, college officials say.
“We needed it as an inspiration … for others to come forward … with a gift,” said Stephen Cohen, associate provost and executive vice dean for administration and finance at Weill Cornell Medical College.
Around $135 million of the total donation will be used to fund the construction of a new 480,000 square foot medical research center in New York City, while the remainder will be put towards programming in Weill Hall, the new life sciences building on the Ithaca campus.