In a significant move, the Princess Margaret Cancer Foundation has received an anonymous donation of $100 million, making it the "single, largest gift" in the foundation's history. The donation is being touted as a "landmark" gift for the Princess Margaret Cancer Foundation but the size of the gift isn't the only thing making the donation unusual. The most striking part of the donation is that the donor has not placed restrictions on how the money should be spent. This means the donor has given Princess Margaret Cancer Centre complete flexibility and right to use the funds toward its most urgent priorities in cancer research, education and patient care, reports The Toronto Star.
The foundation’s CEO, Dr. Miyo Yamashita, announced the donation on Tuesday as it also launched its $2.5 billion “Carry the Fire” fundraising campaign to accelerate cancer research, treatment and care. “It’s the largest single investment ever made in cancer research, education and care, anywhere in Canada,” Yamashita told a crowd of people at the campaign event. “While this donor has chosen to remain anonymous, the impact of their leadership will resonate around the world and impact cancer patients, families and the cancer community now and generations to come.”
