Broad Institute launches next decade with new $100 million gift
The following is adapted from a press release issued today by the Broad Institute.American philanthropists and entrepreneurs Eli and Edythe Broad announced today they are investing an additional $100 million into the Broad Institute to launch a new decade of transformative work to harness recent biomedical discoveries to benefit patients. This gift brings their total contributions to the institute to $700 million since its founding nearly a decade ago — and makes the Broads the second-largest donors ever to a university, hospital, or research institute for biomedical research.“When we made our first investment to create the Broad Institute, we shared Eric Lander’s vision that discoveries in biomedical research held the key to beating devastating disease and improving people’s lives,” says Eli Broad, founder of The Broad Foundations. “As the Broad Institute nears its 10th anniversary, it has already made transformative discoveries, building on the successes of the Human Genome Project....