Funding the Next Alzheimer’s Fight: Daniel S. Loeb Gives $15 Million for the Ronald M. Loeb Center for Alzheimer’s Disease
Daniel Loeb and his wife, Margaret Munzer Loeb, recently donated $15 million to Mount Sinai Hospital to fund the Ronald M. Loeb Center for Alzheimer’s disease. The Center is named after Dan’s late father, Ronald, who lived with the disease for eight years. Mt. Sinai has made numerous breakthroughs in treating and preventing Alzheimer’s and the newly-created Loeb Center will focus on research to develop innovative drugs.
At the World Economic Forum in Davos, Switzerland, Dan Loeb of Third Point and Paul Singer of Elliott Management were among the presenters and sponsors of a panel on the state of international gay, lesbian and transgender rights. The discussion included recognition of recent setbacks on the gay rights front, with the passage of antigay laws in Russia, Nigeria and Uganda. In his presentation, Dan Loeb spoke of using financial, legal and social pressure to advance the cause of gay rights. Attendees included Richard Branson, founder of Virgin Group; William Browder, head of Hermitage Capital Management; and Brad Smith, top in-house lawyer at Microsoft.
Dan Loeb has been a key supporter of Prep for Prep, a nonprofit dedicated to exposing New York City’s brightest public school minority students to the best private schools. He credits the program for finding and mentoring exemplary students who have gone on to distinguished colleges and had remarkable careers thanks in part to the program.
Third Point CEO Dan Loeb has partnered with Elliott Management CEO Paul Singer on a new project run by the Human Rights Campaign, an L.G.B.T. advocacy group in Washington. This initiative will be dedicated to fighting the victimization of gays and lesbians worldwide and is the latest in Daniel Loeb's efforts to achieve progress and justice for L.G.B.T. people on a global scale.
Honoree Dan Loeb, along with some of New York’s most high-profile names in finance and politics, raised over $7 million at the first Success Academy Charter Schools Gala. The founder and CEO of SACS, Eva Moskowitz, celebrated Daniel Loeb’s passion for "pressing for big change, but always thinking about our kids and how to support them". The fast-growing SACS program now has 23 schools that offer a unique and competitive edge to students in public charter schools.
Dan Loeb was honored at "A Celebration of Heroes, Heart, and Hope" for giving back to the Challenged Athlete Foundation. The Foundation provides prosthetic limbs and athletic training for challenged athletes.
Rather than simply donating to The Navy Seals Foundation, Daniel Loeb challenged three of its directors to complete a "Half Iron Man" race with him in order to raise funds for their cause. The Foundation supports Navy SEALS and their families. Dan, an avid athlete, pledged to contribute a generous amount to the foundation for each director who finished the race.
Dan Loeb and other Republican donors used their influence to persuade Republican legislators to support Democratic Governor Andrew Cuomo's efforts to legalize same-sex marriage in New York State. The legislation passed in 2011, and the donors were recognized by the Governor for the critical role they played in enacting this important civil rights milestone into law.