"The donation, one of the largest gifts in the university's history, was driven by the couple's personal history and values aligning with the university's goal of improving healthcare access in Central Texas, where they live. The medical center will include a new hospital to treat complex and serious conditions and an expansion of the UT MD Anderson Cancer Center, according to a statement from the university. It is expected to open in 2030."
"The couple's personal experiences also influenced their choice to donate to the University of Texas. Their six-year-old son successfully underwent treatment for Burkitt lymphoma at the Lucile Packard Children's Hospital at Stanford Medicine in 2003, which inspired them to pay it forward, Simone said. They also saw the need for more healthcare infrastructure in their own community."
"I hope in 25 years that people will say that UT has one of the best medical centers in the world, and it's benefiting the whole community, Coxe said in a video."
Tench and Simone Coxe donated $100 million to the University of Texas Medical Center in Austin to expand regional healthcare capacity. The funds will support a new hospital for complex and serious conditions and an expansion of the UT MD Anderson Cancer Center, with operations expected to begin in 2030. The contribution was motivated by the couple's personal history and recognition of gaps in local care, including experiences with childhood cancer treatment and patients traveling to Houston for specialized services. Tench Coxe is a longtime venture investor and Nvidia board member who relocated to Austin in 2020.
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