Bill Ackman Plans 400,000-Square-Foot Brain Institute After Daughter, 26, Suffers Hemorrhage
Updated
Updated · Fortune · Jul 20
Bill Ackman Plans 400,000-Square-Foot Brain Institute After Daughter, 26, Suffers Hemorrhage
3 articles · Updated · Fortune · Jul 20
Summary
Ackman said he will build a brain institute with Mount Sinai Hospital after his daughter Lucy, 26, suffered a brain hemorrhage in February and was found 15 hours later.
Lucy regained consciousness after a month and is improving, though she has lost her voice and most of her sight while receiving treatment at Mount Sinai.
Ackman has already bought a 400,000-square-foot West Side Manhattan property with additional development rights for the project, which he discussed with doctors while visiting his daughter.
The institute marks a personal turn for the 60-year-old Pershing Square founder, who recently completed a double NYSE listing and has given more than $1 billion through his philanthropic vehicles.
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From Wall Street to Brain Health: Bill Ackman’s $400 Million Philanthropic Pivot with Mount Sinai’s Ackman Brain Institute
Overview
The Ackman Brain Institute was founded by Bill Ackman after his daughter Lucy suffered a severe brain hemorrhage, a personal crisis that deeply changed his priorities and inspired him to focus on neurological research and care. This led Ackman to dedicate significant resources and strategic effort to the institute, which is being developed in partnership with Mount Sinai Hospital on Manhattan’s West Side. The institute aims to become a leading center for brain health, combining advanced research with patient care, and reflects Ackman’s commitment to tackling critical health challenges with the same intensity he brought to his financial career.