SAC's Cohen gives $17M for veterans' mental health research

By Lawrence Delevingne

Wed Feb 27, 2013

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NYU will study post-traumatic stress and traumatic brain injury affecting veterans.

     Steven and Alexandra Cohen (Photo: North Shore-Long Island Jewish Health System)
The NYU Langone Medical Center has received $17 million from the Steven A. and Alexandra M. Cohen Foundation to support veterans' mental health research. The SAC Capital Advisors founder's gift establishes a new veterans' mental health research center to study post-traumatic stress and traumatic brain injury and conduct research on diagnosing the conditions.

"We cannot understate the importance of this project," Steve Cohen said in a statement. "Every veteran deserves access to treatment for the trauma he or she experienced while defending our country. Our hope is that new, objective diagnostic tests and treatments for post-traumatic stress and traumatic brain injury will emerge from the Cohen Veterans Center that will have far-ranging effects on the care of these heroic veterans and provide them with the opportunity to lead a normal life."

The new "Cohen Veterans Center" will be led by doctor Charles Marmar, chair of NYU Langone's department of psychiatry and an expert on veterans' issues.

"The Cohens' investment will turbo-charge research conducted on these conditions and reflects the Cohens' dedication to helping preserve the mental and physical health of veterans," Marmar said in a statement. "We thank Steven and Alexandra Cohen for their generous gift which will allow us to accelerate the discovery of biomarkers to identify PTS and TBI, create lab tests for these disorders, and ultimately use this knowledge to develop novel treatments including targeted medications and other therapies."

Cohen is worth about $8.8 billion as of September 2012, according to Forbes. His foundation had $2.6 million in assets at yearend 2010, according to the most recent tax filing available. Large gifts in 2010--of $34 million total--included $7.9 million to the Robin Hood Foundation, $6.2 million to Brown University, $5.4 million to North Shore - LIJ Health System Foundation, $5 million to New York Presbyterian Fund, $1 million to Mount Sinai Medical Center and $1 million to Memorial Sloan-Kettering Cancer Center.

See also: SAC's Cohen donates $50 million to children's medical center

ISSN: 2151-1845 / CDC10004H

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