Dive Brief:

• A $100 million gift will help the University of California, San Diego create a new clinical center to study stem cells as treatments for leukemia, spinal cord injuries and Alzheimer’s disease.
• The gift is from T. Denny Sanford, a South Dakota businessman in the banking industry.
• The new Sanford Stem Cell Clinical Center at UC San Diego will integrate researchers affiliated with the UC medical center there and several other nearby organizations.

Dive Insight:

Sanford has a long track record of donations for health-related causes. He has given hundreds of millions of dollars to fund hospitals, research and prevention programs.