The Robertson Foundation, overseen by hedge fund legend Julian Robertson, has donated $10.2 million for the creation of a new stem cell research center at Duke University. Some of the money will be used to construct a lab specifically for storing and creating therapeutic stem cells, which can be used in transplants to combat blood disorders and diseases.
Robertson already had connections with the Durham, N.C., university. He grew up in North Carolina and one of his sons, Julian Spencer Robertson, graduated from Duke in 1998. An endowment gift by Robertson and his wife, Josie, was used to establish the Robertson Scholars Program, which funds about 36 students each year at Duke and at the nearby University of North Carolina at Chapel Hill, from which he graduated in 1955.