Northwestern University Receives $92 Million for Biomedical Research

Northwestern University Receives $92 Million for Biomedical Research

has announced a $92 million gift from alumnus Louis A. Simpson and his wife, Kimberly K. Querrey, in support of biomedical research at its .

The gift — made a year after the couple gave $25 million to endow NU's — will enable the university to begin construction of a twelve-story state-of-the-art biomedical research center. The 600,000-square-foot facility will include nine laboratory floors, with room for half a dozen more, and will provide new space for scientists and researchers working in cancer, heart disease, neurodegenerative disorders, and genetics. The gift also will boost opportunities for medical students, residents, and clinical fellows on the university's Evanston and Chicago campuses. In recognition of the gift, the new building will be named the Simpson Querrey Biomedical Research Center.

A 1958 alumnus of the university's , Simpson, chairman of investment management firm SQ Advisors, LLC, has served on Northwestern's board of trustees since 2006 and previously served as president and CEO of capital operations at . Querrey, president of SQ Advisors, previously served as president of consulting firm Querrey Enterprises and currently sits on the boards of and the .

"This gift will be a catalyst for Northwestern Medicine's mission to advance biomedical research informing patient care," said Dr. Eric Neilson, vice president for medical affairs and Lewis Landsberg Dean at the Feinberg School. "The gift will enable us to both build on established areas of strength and develop new areas of excellence and expertise. In addition, with this gift, the total amount raised for the Campaign for Northwestern Medicine will surpass $1 billion."

"." Northwestern University Press Release 03/05/2015.