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Chip Wilson donates $ 100 million to fund medical research

Donations are one of the largest charitable donations in British Columbia and Canada’s history.

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Chip Wilson, one of BC’s wealthiest businessmen, has donated $ 100 million to find a cure for facial scapulohumeral muscular dystrophy. It is a rare hereditary disorder in which the muscles of the face, shoulder blades, and upper arms are weakened and wasted.

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This donation is one of the largest charitable donations in British Columbia and Canada’s history and will cure by 2027 by targeting the underlying genetic cause or improving muscle function and growth. We plan to establish a new venture called SolveFSHD with the goal of finding.

Wilson said he was diagnosed with FSHD at the age of 32. The 67-year-old said he quit squash 10 years ago because he couldn’t lift the racket over his head. He explained that his upper body was “extremely wasted” and said that the time when wheelchair help would be needed would be in the not too distant future.

Most cases of FSHD begin in adolescents under the age of 20, and the muscles around the eyes and mouth, shoulders, stomach, upper arms, and lower limbs usually begin to atrophy on only one side. Currently, there is no cure and treatment is focused on managing symptoms.

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According to Bloomberg’s Billionaire Index, Wilson is one of the 500 wealthiest people in the world with a net worth of US $ 5.68 billion. He is the founder of Lululemon Athletica, headquartered in Vancouver and listed on the Nasdaq Exchange with a market capitalization of US $ 36.88 billion. He is no longer a manager of the company, but continues to be one of the largest individual shareholders.

Known as the Wilson 5 Foundation and headed by his wife Summer Wilson, Wilson’s Family Charity Foundation has made donations in the past to help protect land, create parks, and share public art.

In 2017, businessman Jim Pattison made a $ 75 million donation to set up the Jim Pattison Medical Center at St. Paul’s Hospital. It describes this as the largest civilian donation to a single medical facility in Canada’s history.

In November 2021, the Vancouver Art Gallery received a $ 100 million donation from the Odein Foundation for a new planned building. This was the largest cash gift to a museum in Canadian history.

In February 2021, the Leon Judah Blackmore Foundation noted that lung cancer was the leading cause of cancer-related deaths in BC, killing six people and is known as a charitable donation to lung cancer research and care. We made a maximum donation of $ 15.3 million. It’s every day in the state.

Chip Wilson donates $ 100 million to fund medical research

Source link Chip Wilson donates $ 100 million to fund medical research

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