Brief
Harold Hamm donates $150 million to University of Oklahoma health campus
The gift, the largest in OU’s history, will fund a renamed health campus and expand the Harold Hamm Diabetes Center.
By Felo News Desk · Published
Oil billionaire Harold Hamm announced a $150 million donation to the University of Oklahoma’s health campus, the largest gift the university has ever received, according to Fortune.
What happened
The donation will be split between $100 million for the broader health campus and $50 million for the Harold Hamm Diabetes Center. Of the latter, $30 million will support the center’s new director, John Kirwan, and $20 million will fund capital improvements and research infrastructure.
What the reports add
Fortune notes that Hamm’s lifetime giving to the university now approaches $250 million, making him its largest individual donor. The university’s Oklahoma City health campus will be renamed the Harold Hamm Health Campus in recognition of the gift.
What was said
“I’ve spent my life believing that when you see an opportunity to change the future, you don’t stand on the sidelines—you act,” Hamm said in a statement, Fortune reported.
How it came about
Hamm first funded the Harold Hamm Diabetes Center with a lead gift in 2007 and has contributed more than $50 million since. Federal research funding linked to the center has risen from $5 million to $33 million, according to the university.
Key facts
- Harold Hamm donated $150 million to the University of Oklahoma health campus (fortune.com)
- The gift is split: $100 million for the campus and $50 million for the diabetes center (fortune.com)
- The health campus will be renamed the Harold Hamm Health Campus (fortune.com)
- Hamm’s lifetime giving to OU is nearing $250 million (fortune.com)
- NIH funding for the diabetes center grew from $5 million to $33 million (fortune.com)
Sources
- [1] fortune.com — originally reported as “Billionaire oil tycoon Harold Hamm donates $150M to the University of Oklahoma to help study a cause that’s personal to him: diabetes”
