# Ted Stanley

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**Theodore Richard Stanley** (April 26, 1931 – January 3, 2016)[1][2] was an American [entrepreneur](/source/Entrepreneur) and [philanthropist](/source/Philanthropist). He co-founded the [Danbury Mint](/source/Danbury_Mint)[2] with business partner Ralph Glendinning, which was then a subsidiary of MBI Inc.

## Early life

Stanley was born in [Reading, Pennsylvania](/source/Reading,_Pennsylvania), and graduated from [University of Pennsylvania](/source/University_of_Pennsylvania). He served in the [United States Air Force](/source/United_States_Air_Force) and was an intelligence officer. Stanley worked for Procter & Gamble in the marketing division in [Cincinnati, Ohio](/source/Cincinnati,_Ohio).[2]

## Business

In 1969 Stanley co-founded the [Danbury Mint](/source/Danbury_Mint), which sells collectibles (such as commemorative postage stamps, decorative plates, medals, commemorative coins, and similar items) it has produced for it by mail order.[3]

The Mint's first product was a medal series that commemorated the [Apollo 11](/source/Apollo_11) first crewed Moon landing. After this, the business continued to expand,[4] enough to make Stanley a [billionaire](/source/Billionaire) during his lifetime.[3]

### Connection to mental health

In 1988, Stanley's son was diagnosed with bipolar disorder at the age of 19 after having a psychiatric episode that saw him running around New York streets for 3 days and stripping off his clothes in public.[2][3][5][6] His son was eventually helped with a lithium treatment, and eventually finished college and law school,[3][6] but during the course of his son's treatment he met many parents who were not so lucky, whose children did not improve after treatment.[4] In response, Stanley started donating to mental health research.[7]

## Philanthropy

Stanley died in his sleep in [New Canaan, Connecticut](/source/New_Canaan,_Connecticut).[5] Before he died, Stanley made a large donation to the [Broad Institute](/source/Broad_Institute) of [Cambridge, MA](/source/Cambridge,_MA)[8] of approximately $650 million for research into genetic markers of mental health.[2][4][9] It is recognized as one of the largest private donations ever to support scientific research and the largest ever for mental health research.[5] Before his estates large $650 million donation, which comprised the majority of Stanley's financial holdings,[4] he had periodically donated an additional $175 million, making his lifetime contribution to the Broad Institute $825 million, to support work and research.[5]

## References

1. ["Remembering Ted Stanley"](https://www.broadinstitute.org/news/7763). [Broad Institute](/source/Broad_Institute). January 11, 2016. Retrieved 14 January 2016.

1. Roberts, Sam (January 8, 2016). ["Ted Stanley, Whose Son's Illness Inspired Philanthropy, Dies at 84"](https://www.nytimes.com/2016/01/07/us/ted-stanley-medical-philanthropist-dies-at-84.html). *[The New York Times](/source/The_New_York_Times)*. Retrieved January 15, 2016.

1. Earley, P. (2007). [*Crazy: A Father's Search Through America's Mental Health Madness*](https://books.google.com/books?id=nea-sRCcK84C&pg=PA223). [Berkley Publishing Group](/source/Berkley_Publishing_Group). pp. 223–224. ISBN 978-0-425-21389-6.

1. Nickisch, Curt (July 22, 2014). ["Son's Mental Illness Prompts Billionaire's Big Donation To Psychiatric Research"](https://www.npr.org/2014/07/22/333892150/sons-mental-illness-prompts-billionaires-big-donation-to-psychiatric-research). *[NPR](/source/NPR)*. Retrieved January 15, 2016.

1. ABC News. ["Businessman Ted Stanley, Who Gave $650M Gift, Dies at Age 85"](https://abcnews.go.com/US/wireStory/billionaire-philanthropist-ted-stanley-dies-age-85-36087577). *[ABC News](/source/ABC_News_(United_States))*. Retrieved 15 January 2016.

1. Zimmer, Carl & Carey, Benedict (July 21, 2014). ["A $650 Million Donation for Psychiatric Research"](https://www.nytimes.com/2014/07/22/science/650-million-psychiatric-research.html). *The New York Times*. Retrieved January 15, 2016.

1. Rachel Zimmerman. ["Ted Stanley, Who Donated Hundreds Of Millions For Mental Illness Research, Dies"](http://commonhealth.wbur.org/2016/01/ted-stanley-philanthropist-dies). *Common Health*. Retrieved 15 January 2016.

1. ["Broad Institute of MIT and Harvard"](https://www.broadinstitute.org/). Retrieved 15 January 2016.

1. Grohol, John M. (July 25, 2014). ["Ted Stanley Donates $650 Million to Psychiatric Research"](http://psychcentral.com/blog/archives/2014/07/25/ted-stanley-donates-650-million-to-psychiatric-research/). *[Psych Central](/source/Psych_Central)*. Retrieved January 15, 2016.

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