- Associated Press - Monday, July 7, 2014

COLD SPRING HARBOR, N.Y. (AP) - A philanthropic Long Island couple has donated $50 million to support research and education programs at the Cold Spring Harbor Laboratory.

The donation will establish the Simons Center for Quantitative Biology.

Officials say the center will bring together experts in applied mathematics, computer science, theoretical physics and engineering.

They will work to further basic research and investigation into illnesses including cancer, autism, bipolar disorder and depression.

Jim and Marilyn Simons have been generous benefactors to many Long Island institutions.

In 2011, they made a $150 million gift to Stony Brook University to fund medical research, endow professors and recruit top students.

Jim Simons is the founder of Renaissance Technologies Corp., a hedge fund firm.

Forbes lists his wealth at $12.5 billion. The couple lives on eastern Long Island.

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