Marketplace®

Daily business news and economic stories

Sean Parker donates $24 million for allergy research

A tech entrepreneur's multi-million dollar gift to Stanford University walks the line between charity and self-interest.

Sean Parker donates $24 million for allergy research
Wikimedia/Creative Commons

Sean Parker, the tech entrepreneur who founded Napster and the first president of Facebook, donated $24 million to Stanford University to create a center for allergy research.

Parker suffered from severe food allergies all his life, and with his gift, joins a long line of philanthropists who have given large donations to cure or alleviate diseases that affect them personally.

Parker and other young tech entrepreneurs differ slightly from their predecessors in that they’re likely to donate large sums directly to an academic or medical institution rather than starting a foundation of their own. 

Related Topics

Latest Episodes

View All Shows
  • Marketplace
    10 hours ago
    25:19
  • Make Me Smart
    16 hours ago
    19:00
  • Marketplace Morning Report
    18 hours ago
    6:55
  • Marketplace Tech
    a day ago
    8:33
  • This Is Uncomfortable
    3 days ago
    56:05
  • Million Bazillion
    24 days ago
    32:45