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
Steven and Alexandra Cohen (Photo: North Shore-Long
Island Jewish Health System)
"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
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.
SAC's Cohen donates $50 million to children's medical