When founder Sidney Kimmel listed the Jones Group on the New York Stock Exchange in ‘91, the company behind the brands Jones New York, Anne Klein, and Nine West, among others, his personal wealth began approaching a 10 figure sum. This is when Kimmel started to become deeply involved in serious philanthropy, establishing the Sidney Kimmel Foundation along with its subsidiary, the Sidney Kimmel Foundation for Cancer Research.
Now a respectable and powerful media mogul, Kimmel has donated over $550 million to various causes, with cancer research a top priority, in the last 24 years. Cancer research hits close to home, as Kimmel’s close friend’s daughter passed away from cancer in her twenties.
Since her passing, Kimmel has worked tirelessly to provide a $150 million gift to establish the Sidney Kimmel Comprehensive Cancer Center at Johns Hopkins, a $10 million gift to create the Thomas Jefferson University Hospital’s Kimmel Cancer Center, and a $25 million donation to create the Sidney Kimmel Center for Prostate and Urologic Cancers at Memorial Sloan-Kettering Cancer Center.
The Kimmel Scholars Program, which provides research grants to promising young cancer researchers, is funded by The Sidney Kimmel Foundation for Cancer Research, and has awarded grants to nearly 250 recipients.
And while cancer research has certainly held center stage throughout Kimmel’s philanthropic years, the billionaire funder also holds interests outside the field:
Health & Research
A gift to the Thomas Jefferson University Hospital created the Sidney Kimmel Laboratory for Preventive Cardiology, while another gift to the University of Missouri created the Sidney Kimmel Institute for Nuclear Renaissance (SKINR). SKINR’s objective is to study the effects related to low-energy nuclear reactions. “I believe in investing for America’s future generations… This may be futuristic, but when it comes to energy, our future is now,” said Kimmel.
Arts & Culture
Spotlighting the City of Brotherly Love, Kimmel’s birthplace, Kimmel has been a longtime supporter of the Philadelphia Orchestra, the National Museum of American Jewish History, the Curtis Institute for Music, the Metropolitan Opera, and the Philadelphia International Festival of the Arts. A $35 million gift from Kimmel created The Kimmel Center for the Performing Arts, and a $5 million gift created the National Constitution Center.
The aforementioned Kimmel Scholars program gifts young cancer researchers a collective $3 million annually, sponsoring researchers at NYU, University of Colorado, Washington University, and California Institute of Technology being recent recipients. Kimmel has also gifted at least $25 million to the Raymond and Ruth Perelman Jewish Day School in the Philadelphia area. And recently, Kimmel has been giving monetary support to the UCLA Foundation.
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