Grant extends cancer studies at OU's Stephenson Cancer Center
A reception held Thursday at the OU Health Sciences Center celebrated a $30.25 million grant that will allow the Peggy and Charles Stephenson Cancer Center to expand its cancer research.
In a reception that began at 1 p.m. in the Charlotte Jackson Seminar Room, OU President David Boren praised the Tobacco Settlement Endowment Trust grant, saying it brought people from across Oklahoma together with the common goal of fighting cancer.
The grant will establish the Tobacco Settlement Endowment Trust Cancer Research Program at the cancer institute, according to a press release.
The new program will accelerate cancer research by providing the support necessary to recruit new cancer researchers to the state and support the development of necessary research technologies that are essential to high-quality cancer research, according to the release.
The trust was established through a constitutional amendment approved by Oklahoma voters in November 2000, according to the Oklahoma state government website.
The trust was voted into Oklahoma’s Constitution in November 2000.
It sets aside money given to the state each year from four of the largest tobacco companies to compensate for taxpayer money lost from smoking-related disease, according to the website, and is projected to give Oklahoma $2 billion over the course of its first 25 years of existence.