Cavaliers owner Dan Gilbert and his wife Jennifer today unveiled a nearly $400M philanthropic effort to "fight strokes in Detroit while establishing a research facility that will work toward finding a cure and treating a genetic condition from which their late son suffered." The Gilbert Family Foundation, alongside partners Henry Ford Health System and Shirley Ryan AbilityLab, also will "establish a 72-bed physical medicine and rehabilitation facility in Detroit." The construction and operation of both initiatives will cost an estimated $439M over 10 years, with the Gilbert Family Foundation contributing nearly $375 million in grant funding. The foundation also is committing $190M over 10 years for "operations and research" and also setting aside an additional $5M in the "event of cost overruns and other unforeseen circumstances" (DETROIT NEWS, 9/6).
Cavs' Gilbert gives $400M for medical facilities
