Tycoon's Trust Awards $120-Million to Six Cancer-Research Centers

By Anne W. Howard

A trust set up by Daniel K. Ludwig, a shipping and mining magnate, is providing six research institutions $20-million apiece to establish centers for the study of cancer.

Mr. Ludwig died in 1992 at age 95, and since then the trust he created has quietly distributed $50-million to endow professorships at the six research institutions.

Though neither Mr. Ludwig nor anyone in his immediate family suffered from cancer, "he saw it as a great challenge for the world," says Edward A.