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Billionaire from St Paul Has Goal of Giving

Billionaire T. Denny Sanford announced a $400 million donation, one of the biggest charitable gifts ever, to a South Dakota medical organization.

The former Souix Valley Hospitals & Health has already changed its name to Sanford Health in recognition of the gift.

Number 117 on The Forbes 400 Richest Americans, Sanford, 71, is worth an estimated $2.5 billion.

The focus of most of Sanford's donations has been healthcare in South Dakota and Minnesota, specically children's healthcare. Thanks to Sanford sharing his fortune, there are now The T. Denny Sanford Pediatric Center at the Mayo Clinic in Rochester, the William Sanford Welcome Center at Bethesda Hospital in St. Paul, the Sanford Medical School at the University of South Dakota, and now Sanford Health.

Originally from St. Paul, Sanford attended the University of Minnesota and made his fortune through banks and credit card companies.

Read more about Sanford's donation in the Star Tribune.