OVERVIEW: While David H. Koch is mainly known for his political activism, he has also been a major supporter of medical research, primarily focusing on cancer, but with significant support of hospitals, as well.
IP TAKE: While Koch may have deep pockets, securing its funding may not be so easy, as the foundation has no official website and no way to apply publicly.
PROFILE: David is the younger of the billionaire Koch brothers, who are collectively worth more than $80 billion. While both David and his brother Charles are still quite involved in their business, and also famously immersed in politics, they have been involved in philanthropy for years. Given Koch’s background at MIT, it make sense that Koch has an interest in STEM education. His interest in health funding took off after a prostate cancer diagnosis in the early 1990s. He said of his condition: “Once you get that disease...you become a crusader to try to cure the disease not only for yourself but for other people.” To that end, Koch himself and the David H. Koch Charitable Foundation has been a major supporter of cancer research over the years.
According to past tax filings, a significant portion of Koch’s disease grantmaking has gone to large national cancer centers such as Memorial Sloan Kettering and MD Anderson. The foundation has also cut some pretty hefty checks to Koch’s alma mater, MIT, to support cancer related research. In the last decade Koch has made gifts of between $500,000 and $1.6 million to major hospitals, medical foundations and research institutes.
The David H. Koch Foundation has no website, and therefore is not transparent about its grantmaking habits. It does not apparently accept unsolicited applications.
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