This grant not only makes research and new education opportunities for the five initiatives above possible, it expedites the discovery, development and delivery of treatments and technologies that ultimately benefit patients. [25], Gerstner established the Gerstner Family Foundation in 1989[26] and serves as the chairman. In 1996, IBM’s marketing department established the term e-business for any kind of business or commercial transaction conducted over the internet. [13], One of the strategic visions that Gerstner set for IBM in 1993 was to make e-business its heart and soul. Mr. Gerstner is chairman of the board of directors of the Broad Institute of Massachusetts Institute of Technology and Harvard University, vice chairman of the board of the American Museum of Natural History, a member of the board of Memorial Sloan-Kettering Cancer Center, and chairman of the board of Gerstner Sloan Kettering Graduate School of Biomedical Sciences. Mayo Clinic is a nonprofit organization committed to clinical practice, education and research, providing expert, comprehensive care to everyone who needs healing.

During Gerstner's 11-year tenure at American Express, membership had increased from 8.6 million to 30.7 million.

ROCHESTER, Minn. — Mayo Clinic announced on Monday, Oct. 8, that it received a $10 million grant from The Louis V. Gerstner Jr. Fund at Vanguard Charitable on the recommendation of Louis V. and Robin L. Gerstner.

Housecall: Thermometers 101 — just in time for cold and... Infectious Diseases A-Z: FDA approves HPV vaccine for adults 27-45, Mayo Clinic Q&A podcast: COVID-19 Activity Rehabilitation Program, Mayo Clinic Minute: Don’t delay mammograms, other breast cancer screening, 3 tips to effectively train for virtual races, Mayo Clinic Q&A podcast: COVID-19 lung damage could lead to a transplant. All Rights Reserved. [12] His choice to keep the company together was the defining decision of his tenure, as these gave IBM the capabilities to deliver complete IT solutions to customers. [12] Gerstner reversed this plan, realizing from his previous experiences at RJR and American Express that there remained a vital need for a broad-based information technology integrator.

Gerstner told Leslie Wayne, "I hear that and I can't accept that. Mayo Clinic. About Mayo Clinic With fewer traditional funding sources available for medical research, philanthropy has become a critical link that makes it possible for research programs to move beyond initiation.

Since inception, Gerstner Philanthropies has made over $100 million in grants. “We are grateful for the support and trust in Mayo Clinic to do what we do best.