John Mack

Nonprofits already face the prospect of fewer donations amid turmoil at Wall Street firms and other companies. Now, they could face another donation deterrent: Washington's plans to curb executive pay.

New York-Presbyterian Hospital announced today that it has received a $50 million commitment from noted business leader, longtime supporter and Hospital Trustee Ronald P. Stanton. The gift will establish the Ronald P. Stanton Clinical Cancer Program at New York-Presbyterian Hospital/Weill Cornell Medical Center, strengthening and expanding the Hospital's ability to provide patients with the very best cancer care.