$250M Donations for NYC Hospitals

NEW YORK (AP) -
David Koch speaks Wednesday at a luncheon celebrating the groundbreaking of The David H. Koch Center for Cancer Care at Memorial Sloan Kettering in New York. (Diane Bondareff/Invision for Koch Industries/AP Images)
David Koch speaks Wednesday at a luncheon celebrating the groundbreaking of The David H. Koch Center for Cancer Care at Memorial Sloan Kettering in New York. (Diane Bondareff/Invision for Koch Industries/AP Images)

Industrialist David Koch and financier Henry R. Kravis have made separate donations totaling $250 million for hospitals and medical research in New York City.

Koch gave $150 million to Memorial Sloan Kettering Cancer Center to help build a $1.3 billion, 23-story outpatient cancer center in Manhattan. Kravis is giving $100 million to Rockefeller University to build a research facility that will span three city blocks.