Philanthropists Eli and Edythe L. Broad Make Unprecedented Gift to Endow the Broad Institute of Harvard and MIT

Los Angeles-based philanthropists Eli and Edythe Broad announced today that they have increased their total gift to the Broad Institute of Harvard and MIT to $600 million. Adding to their previous gifts totaling $200 million, the Broads today gave an endowment of $400 million to convert the Institute, which had been launched as a 10-year "venture" experiment, into a permanent biomedical research organization aimed at transforming medicine.

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