So, I became a Board Member in 2004, and an Executive Committee Member in 2007. Identified in the mid-1990s, mutations in the BRCA1 and BRCA2 genes can lead to drastically higher rates of breast and ovarian cancer in women, as well as elevated risk of prostate and pancreatic cancer. The Gray Foundation is also focused on funding initiatives to advance the care of individuals living with BRCA mutations. Because of this, the only way to truly reduce risk is removing a womans ovaries (and fallopian tubes). The Basser Center was established in 2012 with support from Penn alumni Mindy and Jon Gray in honor of Mindy's sister Faith Basser, who died of BRCA-related ovarian cancer at age 44. These are serious risks that must be managed and because they will affect family members across generations, they are risks that also must be communicated. [7], Gray led Blackstone's LBO of Hilton Hotels, which became the most profitable private equity real estate deal ever, earning $14 billion for the firm's investors. A Personal Connection Becomes a Professional Mission, Next: Jonathan Gray was born in 1970 to Chicago entrepreneurs. She is the Chair of the NYC Kids RISE Board and a member of the Basser Leadership Council at the Abramson Cancer Center at the University of Pennsylvania. Gray is president and chief operating officer of Blackstone Group, a New York-based alternative asset manager. In his senior year at University of Pennsylvania, not long before accepting an offer to work at Blackstone Group Inc., Jon Gray put down a book at the library to ask out Mindy Basser. Gray was global head of the firm's real estate business from 2005 into 2018, building it into a $115 billion asset operation. I felt the more I was involved, the more I could help this mission. Most of Margarets career has been in an administrative capacity related to recruitment. It wasnt until after Faiths death that the family found out she inherited mutated BRCA genes. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. Dana serves on the Board of Peer Health Exchange and on the Presidents Leadership Council and Womens Leadership Council at Brown University. Mindy received her BachelorsofArts in English with a minor in History from the University of Pennsylvania, where she graduatedmagna cum laudein 1992. But she turned loss into legacy and hurt into hope this year when she and her husband Jon founded the Basser Research Center at the University of Pennsylvania in honor of her sister who succumbed to ovarian cancer at the age of 44. Read On, OCRA is the worlds largest non-government funder of ovarian cancer research and has invested more than $110 million into desperately-needed breakthroughs. For a young woman to have to prophylactically remove your ovaries is very emotional and also has implications because you immediately go into menopause.. He joined Blackstone in 1992. [5] He was elected Phi Beta Kappa. or the first in their families to attend collegethe latter being a group that is particularly close to heart for Mindy Gray, . Blackstone president Jonathan Gray and his wife, Mindy Gray. This field is for validation purposes and should be left unchanged. Now, Domchek and her colleagues are taking aim at interception. The hard part of this is the multigenerational nature. Their journey began in 2000, when Mindys older sister, Faith Basser, was diagnosed with ovarian cancer. She taught me how to blow bubbles, how to disco dance, how to properly tickle feet, and how to knot my hair in a bun. Were all in on this We plan on doing more, until we find a way where people can say, I can live with a BRCA mutation., This is a BETA experience. OCRF: Tell us about your sister, Faith, your relationship, and her lasting impact on your life that sparked you to create such a tremendous legacy in her name. December 14, 2012 The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. from the Wharton School. October 24, 2019 Committed to Inclusion Some of the world's best and brightest students aim their sights at an undergraduate education at Penn, but many lack the resources to embark on this journey. Meet the Basser Advisory Board Members Joins Blackstone, starts building real estate investments. Among the unthinkable tragedies of losing her was that she left behind her four-year-old son, Logan, who would no longer have his mom. Blackstone Inc.s Jon Gray and his wife,Mindy, are funding an institute at their alma mater focused on early detection and prevention of breast, ovarian, pancreatic and prostate cancers. Chan School of Public Health in Health Policy and Management and a Bachelor of Arts in Sociology and Education from Colorado College. Because of this, the only way to truly reduce risk is removing a womans ovaries (and fallopian tubes). Jon and I are both University of Pennsylvania graduates and feel a deep connection to the University. With the Basser Research Center, we want to ensure that families affected by BRCA 1 and BRCA 2 gene mutations can get the support and genetic counseling that they need and understand their lifetime risk of developing cancer. Mindy and John Gray have now committed more than $125 million to the University of Pennsylvania over the last decade, including a $25 million gift that created the Basser Center in 2012 in. Through this pivotal initiative, the Basser Center is building a better future for patients and the medical community that serves them. [38], In November 2016, The New York Times reported on a $10million donation from the Grays to finance a pilot program that creates college savings accounts for thousands of New York City public school kindergartners. Partner Member Profile: Bright Pink. [3][4] His father Allen Gray owned a small auto parts manufacturer on the West Side of Chicago (coincidentally named Blackstone Manufacturing); his mother Susan, remarried to his stepfather James Florsheim, ran a catering business. Youre passing this on, and thats why you get these families with the grandmother, the mother, the childrenmultigenerations of cancer. Jon and Mindy Gray's gift will fund an institute focused on early detection of breast, ovarian, pancreatic and prostate cancers. Jon received a Bachelor of Science in Economics from the Wharton School, as well as a Bachelor of Arts in English from the College of Arts and Sciences at the University of Pennsylvania. The Basser Center Leadership Council tirelessly advocates, informs, and engages on behalf of the . Mindy Gray: I was immediately impressed with the leadership of OCRF and deeply committed to their mission of funding scientific research to help find a cure. He has given many lectures as an invited speaker, and has chaired several scientific symposia. September 15, 2022 $55 million gift to Penn is aimed at stopping breast cancer before it starts Mindy Gray and her husband, Blackstone president Jon Gray, gave the money in honor of Mindy's sister Faith Basser. Read On. The very first event where I volunteered was OCRFs high-end garage sale Super Saturday. $5.30B can buy Gray owns 41 million shares and partnership units in Blackstone Group, according to the 2021 annual report. My sister Faith was like a mother and best friend rolled into one, remembers Mindy. The value of his cash investments is based on an analysis of income, taxes and market performance. Previously, Dana was a Vice President at Teach For America and a Vice President at Lazard Freres & Co. She also worked as a consultant at Bain & Company, as well as in the Venture Capital and Investment Banking Groups at Morgan Stanley. The psychological weight of this is very significant to families, says Jon Gray, who sees more symposiums and research funding in his foundations future. Our cross-institutional collaboration is transforming treatment and prevention methods for individuals and families affected by BRCA mutations. Women with BRCA 2 mutations have a 50-70% lifetime risk of developing breast cancer and a 10-20% lifetime risk of developing ovarian cancer. My sister Faith was a serious discount shopper. [9], Gray was named in Fortune's "40 under 40,"[10] in 2009. The couple, both 52, also launched the NYC Kids RISE Save for College Program. In May 2012, Gray and his wife, Mindy Gray, founded the Basser Research Center, named in honor of Mindy's sister, Faith Basser, who died of ovarian cancer at age 44. The center has been a world leader in BRCA research. 2023 Ovarian Cancer Research Alliance, Inc. 1992 College graduate Mindy Gray and 1992 College and Wharton graduate Jonathan Gray made the donation to the Basser Center for BRCA, an institute they founded in 2012 with an earlier $25 million donation in honor of Mindy's sister, Faith Basser, who died of ovarian cancer in 2002. Under the same roof that scientific research is furthered, patients are diagnosed, treated and, we hope someday, CURED. The donation was made to establish and fund the Cancer . Mindy Gray: My dear friend Jill Seigerman worked for Liz Tilberis, late Editor-in-Chief of Harpers Bazaar and President of OCRF, so I had known about OCRF for years. Family members died young and medical records never made it over, so there was simply no history of disease that could be tracked. In 2012, Mindy and Jon Gray made a transformative gift to establish the Basser Center for BRCA at Penn Medicine's Abramson Cancer Center and to date have given over $55 million towards its mission. He previously served as Director of the Abramson Cancer Center at the University of Pennsylvania Perelman School of Medicine. [26], As of 2018, Gray had donated $120 million in his lifetime. Edme Firth Fund for Research in Ovarian Cancer. Men and women who carry a BRCA1 or BRCA2 gene mutation are at increased risk for developing certain cancers including breast, ovarian, pancreatic and prostate cancers. OCRF: What is the ultimate goal of the Basser Center? He became co-head of the real estate group in 2005 and global head of real estate in 2011,[6] overseeing a portfolio of hotel, office, retail, industrial, and residential properties in the U.S., Europe, and Asia. Formerly, Jon served as Blackstone's Global Head of Real Estate. OCRAs support and education programs are available to help you navigate your diagnosis, treatment, and life after cancer. Dana serves on the Board of Peer Health Exchange and on the Presidents Leadership Council and Womens Leadership Council at Brown University. Learn more about our policy positions and discover how you can take action. The index is a dynamic measure of personal wealth based on changes in markets, the economy and The couple both graduated magna cum laude from the University of Pennsylvania, where he was elected to Phi Beta Kappa. The billionaire has collected more than $1 billion in dividends and compensation since 2011, according to data compiled by Bloomberg. Jon and Mindy Gray, Penn President Amy Gutmann and some of the freshmen the Grays are supporting. He also serves on the board of Corebridge and Harlem Village Academies. She is the Vice-Chairperson and Treasurer of the NYC Kids RISE Board and a member of the Basser Leadership Council at the Abramson Cancer Center at the University of Pennsylvania. Blackstone has $915 billion in assets under management as of March 31, 2022, according to the company's website. At Jills suggestion, I reached out to OCRF to ask how I could get involved. 12/14/2012 | Mindy Gray was devastated by the passing of her beloved older sister, Faith Basser. Jon Gray's net worth of 2023 Ovarian Cancer Research Alliance, Inc. All rights reserved. While the average woman has a 12% and 1.3% chance, respectively, of developing breast and ovarian cancer, harmful BRCA mutations increase the chance to as high as 72% and 44%, according to the National Cancer Institute. He also serves as the Executive Director, Strategic Alliances of the Abramson Cancer Center at the University of Pennsylvania. Previously he was Senior Director of Scientific Review and Grants Administration at the American Association for Cancer Research (AACR), where he oversaw the selection, administration, and oversight of a large grant portfolio. 50 insiders reveal how the superinvestor consolidated power, elbowed out rivals, and is remaking the firm in his golden-boy image", "Investment strategy: The new property barons", "Blackstone to Check Out of Hilton Investment", "Blackstone's Hilton Deal: Best Leveraged Buyout Ever - Bloomberg", "40 under 40 - Jonathan Gray (7) - FORTUNE", "Blackstone Exits Single-Family Rental Bet Slammed by Warren", "Wall Street as Landlord: Blackstone Going Public with a $10 Billion Bet on Foreclosed Homes", "Warren Calls Out Blackstone for "Shameless" Profies From Housing", "Blackstone's Homegrown Dealmaker Finally Makes It to the Top", "Opinion | Wall Street Courts Hong Kong Strongman John Lee", "Three Top Bankers Pull Out of Hong Kong's Global Finance Summit", "Trump Said to Discuss Treasury Post With Blackstone's Gray", "Blackstone executive Jonathan Gray won't serve as Treasury secretary", "The Wallets of Wall Street Are With Joe Biden, if Not the Hearts", "Private-Equity Leaders Place Their Presidential Bets", "Joe Biden's fundraiser list includes more than 30 executives with Wall Street ties", "Joe Biden to host more than 250 donors from Wall Street, big business at NYC fundraisers here's the guest list", "Blackstone COO Jonathan Gray On Giving To Education, Cancer Research", "Blackstone President Jonathan Gray Donates $25 Million To Tackle Deadly Breast Cancer Gene", "Basser Center for BRCA Abramson Cancer Center", "Blackstone's Gray Becomes Billionaire Amid Property Wager", "The 2013 Basser Global Prize - Bassser Research Center for BRCA -Penn Medicine", "Penn Medicine's Basser Research Center for BRCA Announces Additional $5 Million Gift from Mindy and Jon Gray to Fund External Research Grant Program", "The T&C 50: The Top Philanthropists of 2016", "Blackstone's Gray Gives $21 Million to Hit Cancer Close to Home", "$55 million gift to Penn is aimed at stopping breast cancer before it starts", "University Of Pennsylvania Receives $55 Million Gift To Study, Treat Hereditary Cancers", "Blackstone's Gray Gives UPenn $55 Million for Cancer Prevention", "New York Seeks to Jump-Start College Savings by Giving Cash to Kindergartners' Parents", "Blackstone's Gray Donates $10 Million for Financial Aid at UPenn", "Money for Kindergartners, Spendable on College", "WEDDINGS - Mindy Basser, Jonathan D. Gray", https://en.wikipedia.org/w/index.php?title=Jonathan_D._Gray&oldid=1139510621, This page was last edited on 15 February 2023, at 14:27. Christine Anderson, a spokeswoman for Blackstone, didn't respond to requests for comment on Gray's net worth. [14] The firm would later come under criticism for its business model, and US Senator Elizabeth Warren criticized Blackstone for "shamelessly" profiting from the 2008 housing crisis. Read On. [20] Gray's boss and Trump's friend Stephen A. Schwarzman quickly dismissed the idea that a slot in a Republican cabinet would be offered to a Democratic supporter like Gray. Despite our twelve-year age gap, she always treated me like an equal. At the time of its founding, it was thefirst and only center in the world dedicated tofunding research across the globe, educating providers and patients, and advancing care for individuals and their families living withBRCA1/2mutations. Some women with faulty BRCA genes have taken a very proactive approach. The Center is focused on funding scientific research and giving brilliant research scientists the state-of-the-art facilities and the freedom to discover innovative paths to treatment, prevention and cure. Two years after my sister Faith died, I was emotionally ready and anxious to volunteer in any way I could to help in the ovarian cancer community. They have since dedicated their lives to the research and awareness of BRCA- related . OCRF: What is the ultimate goal of the Basser Center? Mindy Gray: Faith was my mentor, my guide, my role model. Gray recently donated $10million to purchase a building in northern Manhattan which will serve as the organization's second elementary school. At the time of its . He conducted his postdoctoral training at the Johns Hopkins Oncology Center in the laboratory of Dr. Bert Vogelstein, where he studied the molecular genetics of colorectal cancer. The Basser Center is the global leader in funding research, education and care for individuals and their families living withBRCA1/2 mutations. View Mindy Basser Gray's record in Shawnee, KS including current phone number, address, relatives, background check report, and property record with Whitepages. OCRAs support and education programs are available to help you navigate your diagnosis, treatment, and life after cancer. Previously, Dana was a Vice President at Teach For America and a Vice President at Lazard Freres & Co. She also worked as a consultant at Bain & Company, as well as in the Venture Capital and Investment Banking Groups at Morgan Stanley. Though breast cancer can be screened through mammograms and MRIs, tests and prevention for ovarian cancer remain elusive, and the disease often flies under the radar until its later stages. The bride, 24, is a marketing executive at Edwin Schlossberg Inc., a design firm in New York. . . Unfortunately, we did not know this before she was diagnosed with ovarian cancer. Try telling this to a woman in her 20s who is BRCA-positive and not yet married. Each net worth figure is updated every business day after the close of trading in New York. Copyright 2023, Basser Center for BRCA at Penn Medicine, https://www.youtube.com/channel/UCqj1PAWOYriQ_AC0r2VO7NA/videos. [2] Early life [ edit] Gray was born in Highland Park, Illinois to a Jewish family. In 2012, Mindy and Jon Gray made a transformative gift to establish the Basser Center for BRCA at Penn Medicines Abramson Cancer Center and to date have given over $55 million towards itsmission. At the very least, we want to develop a tool that can discover disease well before it presents itself. She died from the illness two years later at age 44. 2023 Ovarian Cancer Research Alliance, Inc. A Personal Connection Becomes a Professional Mission. He joined Blackstone after graduating, working in both the corporate advisory services and private-equity groups. Gray is president and chief operating officer of Blackstone Group, a New York-based alternative asset manager. OCRF: Tell us about the path that led you and Jon to together create the Basser Research Center with a $25 million gift to the University of Pennsylvania. Mindy Gray is a member of the Penn Medicine Board, Chair of the Basser Center Leadership Council, and a founding board member of New York City Kids RISE, a nonprofit organization focused on expanding economic opportunity by providing a scholarship and savings platform for families, schools, and communities. [35] In July 2019, it was announced that the Grays would donate a further $25million for research on pernicious genetic mutations that can lead to breast and ovarian cancer. Dang and a group of independent scientists eventually vetted over 50 applications to decide on seven teams with researchers spanning from Harvard and Cornell to Australias QIMR Berghofer and Britains Wellcome Sanger Institute. She taught me to talk to animals, especially our crazy cats, she taught me to enjoy Kraft macaroni and cheese at midnight (even when I wasnt the slightest bit hungry), and she taught me that no walks too long if you have a friend by your side. In partnership with the Basser Center for BRCA and leading cancer institutions across the country, the Basser Initiative @ Gray Foundation is advancing research and awareness efforts. Gift will support first-generation, low-income students, Grays also founded Basser Center for BRCA at their alma mater. Graduates magna cum laude from University of Pennsylvania. But she turned loss into legacy and hurt into hope this year when she and her husband Jon founded the Basser Research Center at the University of Pennsylvania in honor of her sister who succumbed to ovarian cancer at the age of 44. I am also a Philadelphia native and my parents still live there. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Mindy Gray, Chair Mindy Gray is the Co-founder of the Gray Foundation, a private foundation committed to maximizing access to education, healthcare and opportunity for low-income children in New York. Faith was artistic, creative, musical, and mathematical. Her mother is a legal assistant at Schubert, Bellwoar, Mallon & Walheim, a law firm in Philadelphia. Jonathan D. Gray (born February 4, 1970) is an American billionaire businessman and the president and chief operating officer of Blackstone Group, a New York-based asset management firm. The Basser Center for BRCA, founded in 2012 by Penn alumni Mindy Basser Gray, C'92, and Jon Gray, C'92, W'92, works to free the world of the devastating effects of BRCA-related cancers and, in doing so .
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