Pickens to Donate $20 Million to Johns Hopkins Eye Institute

T. Boone Pickens plans to give $20 million to the Wilmer Eye Institute at Johns Hopkins University to support research.

The gift from the founder and chairman of Dallas-based BP Capital LLC will help the university recruit new scholars, according to a statement from Peter McDonnell, director of the institute and a professor of ophthalmology.

“What this gift will do is allow us to scour the globe to find the best and brightest young minds, bring them here as Boone Pickens scholars and invest in them the resources that will allow them to explore that brilliant idea,” McDonnell said in a statement on the institute’s website.

With this donation, Pickens, who has been treated at the institute for cataracts and macular degeneration, will have committed more than $28 million to Wilmer. He established a professorship in ophthalmology in 2005 and contributed $6 million for the construction of the Robert H. and Clarice Smith Building that opened in 2009, according to the statement.

“Wilmer has done a good job for me and I wanted to respond to that,” Pickens said in a video released by the institute.

Before it's here, it's on the Bloomberg Terminal.