NYU Medical Center Changes Name to Honor Chairman of Bo...(ones' generosity is both a powerful endo...)

"Elaine and I are designating the new NYU Langone Medical Center as our legacy to the city of New York because we believe in the quality and humanity of this Medical Center, one truly dedicated to relieving pain and suffering and giving people hope," Mr. Langone said. "This institution has a fantastic track record for the quality of its care and for having some of the greatest doctors in the world. I have met absolutely remarkable people at all levels. But today there is a disconnect between much of the physical plant and the caliber of the work it houses. That's why Elaine and I are choosing to make an unrestricted gift of this scale to help launch the vigorous aspirations of our inspired new leadership team."

'An Historic Act of Philanthropy'

"The Langones are people of legendary generosity, enthusiasm, and loyalty," said Martin Lipton, chairman of the New York University Board of Trustees. "This gift is not only an historic act of philanthropy from devoted members of the NYU family; it is a demonstration of their belief in an idea: that we can make one of New York's foremost health care institutions even greater," said Mr. Lipton. "We have been enormously privileged by the Langones' involvement with NYU for so many years, and it is only fitting to rename the Medical Center in their honor. On behalf of the entire NYU community, I wish to express our gratitude for their abiding faith in our University and our Medical Center."

"Ken Langone is justly renowned in business for a particular set of skills: the acumen to recognize those enterprises that are bound for success, and the courage to back them," said NYU President John Sexton. "And that is just the point here: the decision by Ken and Elaine to support NYU, and in particular the Medical
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