Philanthropy
Sumner Redstone has contributed over $150 million dollars to various philanthropic causes
In April 2007, Sumner M. Redstone announced a commitment of $105 million in charitable grants to fund research and patient care advancements in cancer and burn recovery at three major non-profit healthcare organizations. The cash contributions of $35 million each will be paid out over five years to FasterCures/The Center for Accelerating Medical Solutions, based in Washington D.C.; the Cedars-Sinai Prostate Cancer Center in Los Angeles, California; and the Massachusetts General Hospital in Boston, Massachusetts.
Over the last few years, Redstone has contributed $1.5 million to the Global Poverty Project.
He recently contributed $500,000 (the largest donation the charity could accept) to the Cambodian Children's Fund, a nonprofit program that provides a wide range of critical health and educational services to impoverished and abused children in the capital city of Phnom Penh. Redstone's contribution will be used to create the Sumner M. Redstone Child Rescue Center, a stand-alone facility scheduled to open during the fall of 2007 for children 5 to 16.
In early 2010, Autism Speaks announced that Sumner Redstone made a $1 million donation to be applied to scientific research into autism's causes, improved treatments, and, ultimately, its cures. Part of the gift will support Autism Speaks' programs for children, adults, and families. While Redstone has supported Autism Speaks since 2007, this is his largest gift to date.
In July 2010, Redstone donated $24 million to the Keck School of Medicine of the University of Southern California to support cancer research.
In September 2012, Redstone donated $18 million to the Boston University School of Law. The gift will, in part, fund the construction of a new building to be named after him.
In October 2012, Redstone donated $250,000 to the Go Campaign, which funds projects in 21 countries with a focus on helping orphans and other needy children.
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Famous quotes containing the word philanthropy:
“I shall not be forward to think him mistaken in his method who quickest succeeds to liberate the slave. I speak for the slave when I say that I prefer the philanthropy of Captain Brown to that philanthropy which neither shoots me nor liberates me.”
—Henry David Thoreau (1817–1862)
“Almost every man we meet requires some civility,—requires to be humored; he has some fame, some talent, some whim of religion or philanthropy in his head that is not to be questioned, and which spoils all conversation with him. But a friend is a sane man who exercises not my ingenuity, but me.”
—Ralph Waldo Emerson (1803–1882)
“... the hey-day of a woman’s life is on the shady side of fifty, when the vital forces heretofore expended in other ways are garnered in the brain, when their thoughts and sentiments flow out in broader channels, when philanthropy takes the place of family selfishness, and when from the depths of poverty and suffering the wail of humanity grows as pathetic to their ears as once was the cry of their own children.”
—Elizabeth Cady Stanton (1815–1902)