$30-Million Gift to Ontario University to Boost Stem-Cell Study

A late Canadian communications mogul’s charity has donated $30-million to McMaster University to pursue research and treatment involving stem cells, according to the CBC.

The Ontario university will use $24-million of the gift from the Marta and Owen Boris Foundation to establish a center to speed commercial development of discoveries made by the school’s well-regarded Stem Cell and Cancer Research Institute.

The remaining $6-million will finance a new clinic where patients with complex health problems can see multiple specialists in one visit.

Owen Boris was the founder of telecommunications firm Mountain Cablevision. He died in April 2011.