Brain Institute Donation
Billionaire Bill Ackman and Neri Oxman have donated 10 million shares to the future brain and longevity research institute, Pershing Square Ackman Oxman Institute, on August 19. $400 million is the estimated value of the shares, according to a Form 4 filing with the US Securities and Exchange Commission, which confirms that the Ackman Oxman Institute received the 10 million shares as a gift on August 17.
The idea for the institute was born five years ago, after Neri Oxman's mother passed away due to Alzheimer's disease. The Pershing Square foundation later purchased a nearly vacant biotech building on West End Avenue, where the AOI campus is planned to be located. The donation of shares adds a significant source of funding for the institute's operations.
In his post, Bill Ackman wrote that the dividends and growth of the share package should fund the AOI in the long term. He describes AOI as a non-profit institute where research and clinical work will be connected to the creation of companies, with the Mount Sinai health system named as an important partner. The AOI plans to invest in companies around devices, methods, and drugs, with the revenues and royalties from these investments returning to the institute, as stated in the Nature Aging, July 2026 journal.
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