Retired retail executive donates $5 million estate gift to Arizona Cancer Center

Margaret E. and Fenton L. Maynard
Margaret E. and Fenton L. Maynard

Endowment fund will support breast cancer research

The late Fenton L. Maynard of Phoenix committed a $5 million gift from his estate to the Arizona Cancer Center. This is the largest gift for research activities made to the Cancer Center in its 33-year history.

The gift, the Margaret E. and Fenton L. Maynard Excellence in Breast Cancer Research Endowment, will be used to support basic and clinical research by Arizona Cancer Center scientists and physicians to achieve improved diagnosis, treatment or prevention of breast cancer.

“Fenton Maynard was devastated by the death of his beloved wife from breast cancer, so much so that he asked that the majority of his estate be utilized for a research ‘crusade’ to prevent and cure breast cancer. The estate will be dedicated to endowed chairs, as well as research endowments to make Fenton’s dreams come true,” said David S. Alberts, MD, director of the Arizona Cancer Center.

Mr. Maynard, 87, died in Phoenix July 19. His wife, Margaret, died of breast cancer in October 2006. His first wife of 49 years, Betty, also preceded him in death.

In a note to Dr. Alberts after Margaret’s death, which accompanied an earlier gift to the Cancer Center, Mr. Maynard wrote, “Thank you for the work you are doing to defeat cancer.” The University of Arizona Foundation will manage and invest the endowment funds for the Arizona Cancer Center.

Mr. Maynard retired from Skaggs Drugs and American Stores as senior executive vice president in 1982. Born in Idaho, raised in Billings, Mont., and an Army Air Corps veteran of World War II, Mr. Maynard had lived in Phoenix since 1984.