Monroe Dunaway Anderson
Encyclopedia
Monroe Dunaway Anderson (1873–1939) was a banker and cotton trader from Jackson, Tennessee
. With his brother-in-law, William L. Clayton
, Anderson built Anderson, Clayton & Co into the world's biggest cotton company. In the event of one of their deaths, the partnership would lose a large amount of money to estate taxes and might be forced to dissolve. In order to avoid this, Anderson created the M.D. Anderson Foundation with an initial sum of $300,000. In 1939, after Anderson's death, the foundation received an additional $19 million.
In 1941, the Texas Legislature appropriated $500,000 to build a cancer hospital and research center. The Anderson Foundation agreed to match the state funds if the hospital were located in Houston at the Texas Medical Center
(another project of the Anderson Foundation), and named after Anderson.
Using surplus World War II
Army barracks, the hospital operated for 10 years from a converted residence and 46 beds leased in a Houston hospital before moving to its current location in 1954.
Jackson, Tennessee
Jackson is a city in Madison County, Tennessee, United States. The total population was 65,211 at the 2010 census. Jackson is the primary city of the Jackson, Tennessee metropolitan area, which is included in the Jackson-Humboldt, Tennessee Combined Statistical Area...
. With his brother-in-law, William L. Clayton
William L. Clayton
William Lockhart "Will" Clayton was an American business leader and government official.-Early life and career:...
, Anderson built Anderson, Clayton & Co into the world's biggest cotton company. In the event of one of their deaths, the partnership would lose a large amount of money to estate taxes and might be forced to dissolve. In order to avoid this, Anderson created the M.D. Anderson Foundation with an initial sum of $300,000. In 1939, after Anderson's death, the foundation received an additional $19 million.
In 1941, the Texas Legislature appropriated $500,000 to build a cancer hospital and research center. The Anderson Foundation agreed to match the state funds if the hospital were located in Houston at the Texas Medical Center
Texas Medical Center
The Texas Medical Center is the largest medical center in the world with one of the highest densities of clinical facilities for patient care, basic science, and translational research...
(another project of the Anderson Foundation), and named after Anderson.
Using surplus World War II
World War II
World War II, or the Second World War , was a global conflict lasting from 1939 to 1945, involving most of the world's nations—including all of the great powers—eventually forming two opposing military alliances: the Allies and the Axis...
Army barracks, the hospital operated for 10 years from a converted residence and 46 beds leased in a Houston hospital before moving to its current location in 1954.
See also
- Texas Medical CenterTexas Medical CenterThe Texas Medical Center is the largest medical center in the world with one of the highest densities of clinical facilities for patient care, basic science, and translational research...
- MD Anderson Cancer Center
- M.D. Anderson LibraryUniversity of Houston LibrariesThe University of Houston Libraries is an academic library system of the University of Houston serving students, faculty, and the general public. The main general collection library of the system is the M.D. Anderson Library. The system has three other branches—all of them existing on-campus at...