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Billionaire, Power 100 Honoree, Robert F. Smith Donates to Prostate Cancer

To say that billionaire investor and businessman, Robert F. Smith, is a busy man would be an understatement.

But the recent EBONY Power 100 honoree and tech investor set some time aside to address prostate cancer, particularly in Black men, in a major way.

Smith, who recently made a big move by acquiring  Datto, a “leading provider of business data protection solutions,” and is now making a very historic move through his philanthropic offering for African-American men.

Prostate cancer accounts for 1/3 of all male-diagnosed cancer cases, and Black men are 70 percent more likely to develop the disease than any other race. They are also 2.3 times more likely to die from the disease.

This is where Smith comes in. The business mogul made history by giving a $2.5 million donation to the Prostate Cancer Foundation, the largest ever charitable donation dedicated to advancing prostate cancer research among Black men.

According to a release announcing the news, Smith’s gift will serve to fund the establishment of a new precision oncology center at Chicago’s VA. The money will be used to expand and support other VA’s to serve veterans who are battling this deadly disease, the most frequently diagnosed among veterans.

Smith’s donation follows a $27 million grant issued to the Susan G. Komen by Fund II Foundation, one where the mogul serves as the President and Founding Director. Those funds will seek to reduce breast cancer deaths by 50 percent over the next ten years.

According to an announcement on the news, the grant will assist in efforts to address the alarming breast cancer mortality rate among Black women. According to researchers, Black women are 40 percent more likely to die from the disease than White women.

Mr. Smith, continue to do great work in the community.

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