Submitted by: Submitted by Patrick1Gall
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Category: Business and Industry
Date Submitted: 02/03/2016 11:35 PM
Neuroendocrine Tumor Research Foundation Receives Transformational Gift from
Margie and Robert E. Petersen Foundation
1888 Press Release NET Research Foundation receives $15 million gift from the Margie and Robert E.
Petersen Foundation to fund ambitious research effort to find cure for rare cancer affecting over 100,000
Americans.
The Neuroendocrine Tumor (NET) Research Foundation today announced that it has received a major
gift from the Margie and Robert E. Petersen Foundation to launch the most ambitious research effort
ever undertaken to control and cure neuroendocrine cancers. Automobile publishing giant Robert E.
Petersen passed away from this form of cancer, which is diagnosed in an estimated 12,000 Americans
each year. It is the same disease that claimed the life of Apple founder Steve Jobs. The $15 million gift
will provide $5 million a year for three years in funds and endowment to support research and
investigators dedicated to a cure.
"A gift of this magnitude will greatly intensify the research that can be conducted in this rare disease
space. With very little public funding for this type of research, a private gift of this magnitude is nothing
short of transformational," said Ron Hollander, NET Research Foundation Executive Director. "We are so
grateful to the Margie and Robert E. Petersen Foundation. This is an exciting time for cancer research, as
new treatments like Immunotherapy are having breakthrough results for many forms of cancer. We will
be reaching out to researchers throughout the US and beyond to bring the best ideas and investigators to
the cause of curing neuroendocrine cancers."
Robert E. Petersen started and published magazines such as Motor Trend and Hot Rod Magazine and
founded the Petersen Automotive Museum in Los Angeles. He passed away from neuroendocrine cancer
in 2007. As he and his family experienced almost ten years ago, there is still too little known, few ...