KennethLangone

Big Givers: Home Depot Founder Gives Millions, Gets His Name on the Door

The NY Times reported a big donation on Wednesday. Kenneth G. Langone, a billionaire financier and a founder of Home Depot will be giving a $100 million donation to New York University Medical Center, which is the same amount he donated anonymously to the center in 1999. In honor of the $200 million total gifts from Langone and his wife Elaine, the university will name the medical center the N.Y.U. Langone Medical Center. They will also start a campaign to raise $1 billion for a new hospital pavilion. Langone was named chairman of the medical center's board nine years ago which led to his first donation (and the reason for it being anonymous).

In an ironic turn, former governor Eliot Spitzer's father, Bernard will be treated at the center. Langone and Eliot Spitzer have been involved in a long-standing feud and when Spitzer was seeking the Democratic nomination for governor in 2006, Langone contributed to the campaign of an opponent, Thomas R. Suozzi, the Nassau County executive. Langone is quoted in the TImes article as saying he hopes that Bernard Spitzer has a successful stay.

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Tags: kenneth langone, KennethLangone, medical center, new york, philanthropy

KennethLangone

Big Givers: Home Depot Founder Gives Millions, Gets His Name on the Door

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