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Legacy gifts represent 17% of Rising to the Challenge campaign goal

Energy Innovator T. Boone Pickens Announces $20 Million Bequest to the Wilmer Eye Institute
Posted October 15, 2013

The Visionary T. Boone Pickens


Legacy gifts, like the bequest Johns Hopkins made more than 100 years ago to create the Johns Hopkins University and the Johns Hopkins Hospital, play a vital role in achieving the goals of Rising to the Challenge today. In fact, they represent 17% of the total campaign goal.
 
Legacy gifts fund endowments for scholarships, fellowships and financial aid; sustain cross-disciplinary professorships; and carry on the research and academic initiatives to improve life that have been a Johns Hopkins hallmark.
 
A stellar example of the impact of legacy gifts is that of Texas energy entrepreneur and financier T. Boone Pickens. His $20 million bequest to the Johns Hopkins Wilmer Eye Institute – made in 2006, under a different campaign – has only recently been made public. This gift is intended to create an endowment to fund a T. Boone Pickens Scholars program, supporting clinician-scientists with unproven, but innovative ideas for new research.
 
Pickens, founder of Mesa Petroleum and, at 85, the still-active chairman of BP Capital Management, has been treated at Wilmer for cataracts and for macular degeneration. One of Pickens’ earlier gifts to Wilmer was the 2005 endowment of the Pickens Professorship which is held by Walter Stark, MD, director of the Stark-Mosher Center for Cataract and Corneal Diseases at Wilmer.
 
“Boone’s support of medical research is not only going to help him; it’s going to help people who have other forms of eye disease in the future,” says Stark.