Redstone Pledges $105 Million to Non-Profits

Apr 18, 2007  •  Post A Comment

Sumner Redstone, chairman of Viacom and CBS, is committing $105 million in grants to cancer and burn recovery programs and research at major non-profit health care organizations.

Cash grants from Mr. Redstone?s personal charitable foundation of $35 million will be paid over five years to FasterCures/The Center for Accelerating Medical Solutions, based in Washington D.C.; Cedars-Sinai Prostate Cancer Center in Los Angeles, California and Massachusetts General Hospital in Boston.

“Advancements in research and medical science are creating a better world and a higher quality of life for all of us. Like many, I have personally benefited from these advancements and have been an active contributor for many years to help speed their development,” Mr. Redstone said in a statement Wednesday. “But I also know that there is so much more to be done and with the right resources in the right hands, we can make even more rapid progress and literally change the world.”

Mr. Redstone was severely burned when he was younger and treated at Massachusetts General. He has also been treated for prostate cancer.

(Editor: Romanelli)