Harvard University, the world’s richest school, will collect another multimillion donation, this one for its medical school.
The Warren Alpert Foundation has pledged $20 million to fund several initiatives including immunological research, the school said in a statement Thursday. Warren Alpert, who founded Warren Equities Inc., a closely held investment management company, died in 2007 at the age of 86.
Alpert’s nephew, Herbert Kaplan, president of Warren Equities, and Bevin Kaplan, Herbert’s daughter and director of the foundation, sit on the medical school’s board of fellows.
The gift to Harvard, which raised a record $1.16 billion last year, is small compared to some recent donations. In June, billionaire hedge fund manager John Paulson gave $400 million to the engineering school, the biggest donation in Harvard’s history.
Last year, Harvard received a $350 million gift from the family of the late T.H. Chan, for whom the Chan School of Public Health is named. Steven Ballmer, former chief executive officer of Microsoft Corp., gave an estimated $60 million last year to add 12 members to the engineering school’s computer science faculty.
The Warren Alpert foundation supports individuals and organizations that focus on curing disease through research and service, according to the statement.
In 2007, Brown University named its medical school for Alpert after receiving a $100 million donation from his foundation.