Jacobs, Levy Pledge $5 Million to Atlantic Health
The donation creates a new endowment to drive cancer research and clinical trials at the Morristown-based health system.
Updated on Oct. 23, 2026 in Cancer
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Bruce Jacobs and Kenneth Levy have committed $5 million to Atlantic Health to establish the Jacobs Levy Clinical Research and Innovation Endowment. This new fund aims to bolster the prevention, study, and treatment of cancer throughout the organization.
Why it matters
The endowment provides a dedicated income stream to support investigator-led studies and clinical trials, which could lead to expanded research initiatives via future grants and partnerships.
Atlantic Health currently maintains a network of 550 care sites, including eight hospitals and 26 urgent care centers, while managing nearly 180 clinical trials. This donation follows the firm contributing over $1.4 million to medical research over 25 years.
The players
Bruce Jacobs
He is a principal at the Florham Park-based firm Jacobs Levy Equity Management.
Kenneth Levy
He is a principal at the investment management firm Jacobs Levy Equity Management.
Atlantic Health
This is a health system operating 550 care sites and eight hospitals across New Jersey.
The details
The newly established Jacobs Levy Clinical Research and Innovation Endowment will generate annual income for the Atlantic Health Clinical Research and Innovation Institute. These funds are designated for translational research to accelerate the development of new cancer therapies.
Timeline
Jacobs Levy Equity Management celebrates its 40th anniversary in 2026.
The firm has contributed more than $1.4 million to medical care and research over the past 25 years.
The Big Picture
This donation provides a dedicated endowment to significantly expand the scope and financial stability of the Atlantic Health Clinical Research and Innovation Institute. It marks a major commitment to local medical infrastructure that aligns with the organization's existing research capacity.
By increasing funding for nearly 180 clinical trials, this endowment expands the options for patients to access experimental therapies and cancer care. Residents in Morristown and the surrounding areas may see enhanced clinical capabilities as the institute translates research into practice.
The takeaway
Private philanthropic endowments often act as a catalyst for clinical advancements that might otherwise struggle to find early-stage funding. Patients interested in research may want to inquire with their local healthcare providers about current trial eligibility and enrollment criteria.
Further reading
For more information on current treatment and study developments, visit the Cancer section.
Source note: This article includes information reported by NJBIZ.
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