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How Tony Petrello’s $7 Million Donation to Texas Children’s Hospital Will Help Children with Neurological Conditions

Many people know Tony Petrello for his wealth. However, there is more to the CEO and president of Nabors Industries than his leadership skills and a huge salary. He is a philanthropist who has a great passion for the charitable projects he supports.

Close to Anthony’s heart

Most high earners view philanthropy as a hobby or as an indispensable part of being wealthy. As for Petrello, charity is something that he values and never takes for granted. For many years now, Anthony has had a passion for patient care as well as medical research and has not hesitated to show it.

Tony Petrello and his better half, Cynthia, have committed $7 million in donations for the growth and expansion of the Jan and Duncan Neurological Research Institute (NRI). The institute is part of the Texas Children’s hospital. The NRI is dedicated to researching the causes and remedies of neurological issues in children and infants. They have particular interest towards assisting youth who have been through brain damage to surpass their mental and physical disabilities.

Petrello has a special interest in the research because of his daughter who suffers periventricular leukomalacia (PVL). PVL is a disease that results from low birth weight and premature birth. It leads to specific physical impairments such as difficulty in speech and delayed motor skills.

Petrello understands that his daughter’s case is not unique; many other children like her go through similar struggles. With a better understanding of the efforts that parents have had to endure, Tony started looking for solutions. Along the way, he realized that most doctors did not have much knowledge regarding childhood neurological diseases. That is why Tony Petrello has invested that much in research.

Other philanthropic contributions

Tony Petrello has philanthropy at the core of his heart and childhood medical research is only one of the many charitable works he does. As the chairman of Yale alumni, he contributes to an endowment for annual prizes given to promising students. The award is in honor of professor Serge Lang and is reserved for students who make substantial discoveries in mathematics. Tony has already given $150,000 in extra donations.

Read More: www.crunchbase.com/person/anthony-petrello#/entity