Blackstone’s Jon Gray Gives $125 Million to Tel Aviv Medical School

Blackstone Inc. President Jon Gray and his wife Mindy have donated $125 million to Tel Aviv University’s medical school, the largest gift ever to the school and among the largest to an academic institution in Israel.

The Grays’ donation to the medical school, which will now bear their name, will enable Tel Aviv University to increase the number of students there by about 25% a year to more than 400. Israel has been grappling with a shortage of physicians, mainly due to too few spots in the country’s institutions.