About Monroe Dunaway Anderson
Monroe Dunaway Anderson (1873–1939) was a banker and cotton trader from Jackson, Tennessee. With William L. Clayton, Anderson built Anderson, Clayton and Company into the world's biggest cotton company. In the event of one of their deaths, the partnership would lose a large amount of money to estate taxes and might be forced to dissolve. In order to avoid this, Anderson created the M.D. Anderson Foundation with an initial sum of $300,000. In 1939, after Anderson's death the foundation received an additional $19 million.
- Born
- 1873
- Died
- 1939, August 6, 1939
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