He graduated magna cum laude from the University of Pennsylvania in 1992, receiving a degree in economics from the Wharton School as well as an English degree at Penn. On Tuesday, private equity tycoon Jonathan Gray and his wife Mindy announced $25 million in funding for research on pernicious genetic mutations that can lead to breast and ovarian cancer. 2023 Ovarian Cancer Research Alliance, Inc. A Personal Connection Becomes a Professional Mission. We are here to support you and your family, offering layers of support and many ways to connect. It reminds me of investing, where youre a high-conviction investor, says Jon Gray, who made his name as Blackstones real estate baron and was promoted to cofounder Steve Schwarzmans No. [6] Gray withdrew his name from consideration[21] and Steven Mnuchin was eventually nominated and confirmed. 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. 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. Previously, Mindy worked as an editor at Ziff Davis Publishing and then as a marketing executive at Edwin Schlossberg, Inc., an exhibit design firm. Assumes role of president and chief operating officer of Blackstone. OCRF: What is the ultimate goal of the Basser Center? 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. The Gray Foundation is also focused on funding initiatives to advance the care of individuals living with BRCA mutations. Gift will support first-generation, low-income students, Grays also founded Basser Center for BRCA at their alma mater. OCRF: What is your hope for the future in terms of research, and the hope it can bring to those affected by ovarian cancer? Chi Van Dang is the Chief Science Advisor for the Gray Foundation. Shari and her husband, Len Potter, created the Basser Global Prize initiative at the Center to fund BRCA research. He also serves as Scientific Director of the Ludwig Institute for Cancer Research and professor at The Wistar Institute. Charissa has served on the boards of Trust for Public Lands - New York, DREAM, and Bronx Childrens Museum. Penn graduates Jon Gray, C'92, W'92, and Mindy Basser Gray, C'92, are stepping in to help. The event honored the memory of Marla. Dangs laboratoryhelped define the complex functions of the MYC oncogene and connected MYC to regulation of cancermetabolism. [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. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. Jon Gray stood by his wife Mindy Tuesday night as they welcomed about a thousand guests to Cipriani Wall Street. She holds an MPH from the Harvard T.H. 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. Gray is president and chief operating officer of Blackstone Group, a New York-based alternative asset manager. 12/14/2012 | Mindy Gray was devastated by the passing of her beloved older sister, Faith Basser. 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. [39] Gray serves on the board of The Trinity School, as well as on the board of Harlem Village Academies,[40] a group of charter schools in New York City. 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. The Basser Center was named in honor of Faith Basser, Mindys sister who died ofBRCA-relatedovarian cancer at the age of 44. Valuations are Mindy received her BachelorsofArts in English with a minor in History from the University of Pennsylvania, where she graduatedmagna cum laudein 1992. Stone. Jonathan Gray was born in 1970 to Chicago entrepreneurs. Mindy Gray: The ultimate goal of the The Basser Center is eradicating risks from BRCA-related cancers once and for all. Learn more about our policy positions and discover how you can take action. Mindy Basser, a daughter of Pearl and Philip B. Basser of Philadelphia, is to be married this evening to Jonathan David Gray, a son of Susan Florsheim of Highland Park, Ill., and Allen Gray of Barrington, Ill. I am also a Philadelphia native and my parents still live there. Last week, the couple, married for 24 years, were back on campus for a study break with a different kind of chemistry: after visiting Bennett Hall where they took a Romantic poetry class together, they walked across the quad to meet the freshmen whose tuition and expenses theyve agreed to cover for the next four years. [31], In 2016, Gray was named to Vanity Fair's "New Establishment" list. $5.30B can buy Gray owns 41 million shares and partnership units in Blackstone Group, according to the 2021 annual report. She and her husband Jon reside in NYC where they are raising their four daughters. 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. My sister Faith was like a mother and best friend rolled into one, remembers Mindy. This is more proactive investing than reactive, says Mindy Gray. The Basser Jean Bash fundraiser in New York City on November 15, 2022, raised $17 million to support BRCA-related cancer research. The donation was made to establish and fund the Cancer . We know the pain of losing a loved one and dont want any other family to suffer the way we have. The publicly traded company manages $915 billion in assets as of March 31, 2022. You may opt-out by. Dana Zucker is the Chief Executive Officer of the Gray Foundation. 2 as chief operating officer in 2018. Mr. Gray currently serves as Chairman of the Board of Hilton Worldwide. In February 2018, he was promoted to president and COO of Blackstone after 13 years as head of the firm's real estate business. [33] Town & Country (magazine) noted this work in its "Top Philanthropists of 2016" feature, in which the Grays were included. Theres no way to look at ovarian cancer unless you open up a womans body, says Mindy Gray. We are singularly focused on putting ourselves out of businessin funding the research that ultimately develops a tool for early detection and in an ideal world, develops a vaccine and/or cure that will prevent anyone from suffering at the hands of this insidious disease ever again. 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. Read On. 2023 Ovarian Cancer Research Alliance, Inc. All rights reserved. Anyone can read what you share. 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. [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. The Grays donated $25million to create the Basser Research Center, which focuses on cancer prevention, treatment, and research of BRCA-related, genetically-inherited cancers. From campus recruiting to executive search, Margarets previous experience includes working at Credit Suisse, Goldman Sachs and Heidrick & Struggles, among others. 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. Jon Gray's net worth of Amazon Pauses Construction on Second Headquarters in Virginia as It Cuts Jobs, iPhone Maker Plans $700 Million India Plant in Shift From China, Amazon Is Closing Its Cashierless Stores in NYC, San Francisco and Seattle, S&P 500 Notches Best Week Since Late January: Markets Wrap, Stock Traders Are Ignoring Blaring Bond Alarms. 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. Blackstone has $915 billion in assets under management as of March 31, 2022, according to the company's website. [citation needed] In 2019, the Grays announced a $10 million gift to support first-generation, low-income students attending the University of Pennsylvania. converted to U.S. dollars at current exchange rates Read [34], In May 2017, the Grays announced they would be donating $21million to the Basser Center for BRCA at the University of Pennsylvania, bringing their total pledges to the initiative to $55million. In calculating net worth, Bloomberg News strives to provide the most transparent calculations available, 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. our complete methodology , Design & development: Mindy Gray: My sister Faith had a BRCA 1 gene mutation. You believe in a theme, I believe in global logistics, or I believe in midstream assets or whatever it is, and I find a great management team and go all in on that.. [5] His parents divorced when he was young. Some women with faulty BRCA genes have taken a very proactive approach. View Mindy Basser Gray's record in Puyallup, WA including current phone number, address, relatives, background check report, and property record with Whitepages. Unfortunately, we did not know this before she was diagnosed with ovarian cancer. His father is a senior associate at Premier Business Group, investment advisers in Buffalo Grove, Ill. His stepfather, James Florsheim, is a senior vice president of the Chicago Corporation, an investment bank in Chicago. Joins Blackstone, starts building real estate investments. To preserve these articles as they originally appeared, The Times does not alter, edit or update them. She died from the illness two years later at age 44. He is also the President and Chief Operating Officer of Blackstone, one of the world's leading investment firms. 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. My sister Faith was a serious discount shopper. The Grays are out to change the landscape with their latest research grants, believing BRCA-related cancers can be dramatically reduced through advanced testings that catch the disease before the cancer forms. Mindy's sister, Faith with son, Logan. The billionaire has collected more than $1 billion in dividends and compensation since 2011, according to data compiled by Bloomberg. 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. No surprise that she was also an incredible, and incredibly doting, mom. Mindy Gray is the Co-Founder of the Gray Foundation. from the Wharton School. The grants will be split among seven research teams across the globe and brings the couples lifetime philanthropic giving to over $175 millionincluding over $100 million in BRCA research. With the leadership of Dr. Chi Dang, Director of the Abramson Cancer Center, and Dr. Susan Domchek, Executive Director of the Basser Research Center, we are confident that we can make huge progress towards this goal. [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. They have since dedicated their lives to the research and awareness of BRCA- related . At the very least, we want to develop a tool that can discover disease well before it presents itself. The aspirational goal would be to understand the process of cancer development early enough and then look at ways to intervene, hopefully eradicate, prevent the cancer from even developing., What we aspire to do is build a precancer atlas for BRCA, lay a road map for everyone in the world to use, continues Dang. The pandemic hasn't changed their philanthropic strategy, but rather has them doubling down, Jon Gray, Blackstone's. In 2016, it was reported that Gray was under consideration as Treasury Secretary for the incoming presidential administration of Donald Trump. Blackstone raises $335 million for first real estate fund. The Grays donated $25 million to create the Basser Research Center, which focuses on cancer prevention, treatment, and research of BRCA-related, genetically-inherited cancers. The very first event where I volunteered was OCRFs high-end garage sale Super Saturday. We knew then that we did not want other families to ever suffer in the way that we had. Penn graduates Jon Gray, C'92, W'92, and Mindy Basser Gray, C'92, are stepping in to help. In 2012, Mindy and her husband, Jon Gray, established the Basser Center for BRCA at Penn Medicine's Abramson Cancer Center in honor of Faith. Unfortunately, we did not know this before she was diagnosed with ovarian cancer. Since joining Blackstone in 1992, Jon has helped build the largest real estate platform in the world with $115 billion in investor capital under management. [28], The Grays have donated over $150 million to BRCA cancer research. Mr. Gray previously served as the firm's Global Head of Real Estate, which he helped to build into the largest real estate platform in the world. The very first event where I volunteered was OCRFs high-end garage sale Super Saturday. [5] He was elected Phi Beta Kappa. The bride, 24, is a marketing executive at Edwin Schlossberg Inc., a design firm in New York. He is a member of the National Academy of Medicine, fellow of the American Academy of Arts & Sciences, fellow of the American Association for Cancer Research Academy, and was a member of the Cancer Moonshot Blue Ribbon Panel. In 2016, he ranked #1 on Commercial Observer's "Power 100" ranking of the most powerful people in New York City real estate. 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 psychological weight of this is very significant to families, says Jon Gray, who sees more symposiums and research funding in his foundations future. There are so many ways to lend a hand, to improve the lives of thousands of patients and their families, and get us one step closer to a cure. We wanted to create a center that would be focused on this mutation, which would provide research, and support, and care, and thats why we founded the Basser Center.. Formerly, Jon served as Blackstone's Global Head of Real Estate. Bloomberg reporting. Thinking bigger, we want to develop a preventive vaccine for those not yet affected and a cure for women who are! 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. . Jon and I are both University of Pennsylvania graduates and feel a deep connection to the University. 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. The veteran oncology researcher quickly came up with an idea: To host a symposium where leading BRCA experts could gather and discuss issues in the field. Edme Firth Fund for Research in Ovarian Cancer. 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. I felt the more I was involved, the more I could help this mission. [29], In October 2022, the Grays announced a gift of $55 million[36] to establish the Basser Cancer Interception Institute as part of the Basser Center for BRCA. Raises world's largest opportunistic real estate fund. 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. Thanks to Faith, I was certainly among the only seven-year-olds seeing the movie Annie Hall the day it was released. 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. The publicly traded company manages $915 billion in assets as of March 31, 2022.. We know the pain of losing a loved one and dont want any other family to suffer the way we have. Actress Angelina Jolie, who inherited these genetic mutations, made waves in 2013 for announcing that shed undergone a preventive double mastectomy to reduce the risk of getting breast cancer; she removed her ovaries two years later. 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 Basser Center Leadership Council tirelessly advocates, informs, and engages on behalf of the . This field is for validation purposes and should be left unchanged. So, I became a Board Member in 2004, and an Executive Committee Member in 2007. 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. Both the Chair and the Center are named in honor of Mindy sister, Faith Basser, who died of BRCA-related ovarian cancer at age 44, leaving behind her four-year-old son. 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. or the first in their families to attend collegethe latter being a group that is particularly close to heart for Mindy Gray, . This field is for validation purposes and should be left unchanged. Occasionally the digitization process introduces transcription errors or other problems; we are continuing to work to improve these archived versions. 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. Gray is president and chief operating officer of Blackstone Group, a New York-based alternative asset manager. 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