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University of Texas Southwestern Medical Center Receives $100 Million Gift

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The University of Texas (UT) Southwestern Medical Center received a gift of $100 million from former Texas Governor, Bill Clements. The gift, which marks the largest single gift in the institution's history, will be paid to UT Southwestern over the next four years. Unlike most donations of its size, the pledge was given without restrictions governing its use. The gift will be used to create the William P. Clements Jr. Fund. The fund will support collaborative research, teaching, and patient care as appropriated by the Southwestern Medical Foundation board and school leaders who will work together to allocate gift funds.

Mr. Clements graduated from Southern Methodist University in 1939. He was very successful in the oil and gas business prior to his political career. In 1949, he founded the oil and gas drilling contracting company SEDCO. SEDCO developed into the world's largest oil-and-gas drilling contracting company and merged with Schlumberger Limited. Mr. Clements retired as chairman in 1985. He served on the U.S. Department of Defense Blue Ribbon Defense Panel from 1969 to 1970, and was the governor of Texas from 1979 to 1983 and again from 1987 to 1991. Mr. Clements, who is 92 years old, has previously contributed to UT Southwestern. In 2006, he donated $10 million for the construction of the Bill and Rita Clements Advanced Medical Imaging Building; and, in 1998, he gave $1.25 million to create the Rita C. and William P. Clements Jr. Scholar in Medical Research program.

Stanford University Receives $15 Million for Cancer Center

Stanford University's medical school received a $15 million donation from Canary Foundation to help fund the Canary Center at Stanford for Cancer Early Detection, which is currently under development. The center is located on California Avenue in Palo Alto and will be led by Virginia & D.K. Ludwig Professor of Radiology and Director of the Molecular …

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