reports that Phillip Terrence Ragon will announce the gift to Massachusetts General Hospital on Wednesday.
The hospital will get $10 million a year for the next decade to bring together doctors, engineers and biologists from Massachusetts General as well as other research institutions, including Harvard University and the Massachusetts Institute of Technology.
The 59-year-old Ragon is the founder and sole owner of InterSystems Corp., a company that provides database software to hospitals and other industries.
Ragon decided to create the institute after witnessing the plight of AIDS patients while visiting South Africa.