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Posted: January 15, 2008

Business Icon Commits Many Millions to Parkinson's Fight

The stakes in finding a cure for Parkinson’s disease just got notably richer with a $40 million commitment from Andy Grove, the founder and former chairman of computer-chipmaker Intel, for research into the neurological disease.
 
Grove, who suffers from the disorder himself, made the gift in the form of a bequest to the Michael J. Fox Foundation for Parkinson’s Research. Grove, 71, has a fortune estimated at $400 million. Prior to the $40 million bequest, Grove had committed to spend $22 million for research into treatments for Parkinson’s.
 
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The additional $40 million will be contributed posthumously to the foundation upon Grove’s death. Currently, Grove’s own Parkinson’s symptoms are under control with medication. He was diagnosed in 2000.
 
"This is a vote of confidence from me," Grove told Forbes magazine. "It actually makes my living collaboration more productive."
 
Grove’s intention is to spark other large-dollar donors to join “Grove’s Circle,” the name given to a community of givers committed to the Parkinson’s cause through the high-profile Fox foundation of which Grove is an adviser.
 
Too often, Grove told the Wall Street Journal, wealthy people confronting serious illness respond by starting up new disease-focused foundations from scratch, when collaborations are more effective. “These things are bigger than all of us,” he told the Journal.

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