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Broad Donates $400M for Gene Research

Record gift helps Harvard/MIT venture get to root of disease

By Harry Kimball,  Newser Staff

Posted Sep 4, 2008 3:08 PM CDT
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(Newser) – Eli and Edythe Broad plan to donate $400 million more to the Massachusetts foundation they started 4 years ago to research the genetic causes of disease, the Boston Globe reports. “It's the biggest investment we've ever made,” said Broad, whose gift to the joint Harvard/MIT venture is the largest donation ever to a US academic concern for such work. “We think the returns are just great from what we've seen so far.”



Eli Broad, center left, and his wife Edythe Broad, center right, are cheered by Eric Lander, left, the director of the Broad Institute , left, and Massachusetts Gov. Deval Patrick.
Eli Broad, center left, and his wife Edythe Broad, center right, are cheered by Eric Lander, left, the director of the Broad Institute , left, and Massachusetts Gov. Deval Patrick.   (AP Photo)
Los Angeles philanthropist Eli Broad and his wife are donating a record $400 million to Harvard/MIT institute researching the genetic basis of diseases.
Los Angeles philanthropist Eli Broad and his wife are donating a record $400 million to Harvard/MIT institute researching the genetic basis of diseases.   (AP Photo)
Broad and Patrick.
Broad and Patrick.   (AP Photo)
It's the biggest investment we've ever made, and we think the returns are just great from what we've seen so far, philanthropist Eli Broad said.
"It's the biggest investment we've ever made, and we think the returns are just great from what we've seen so far," philanthropist Eli Broad said.   (AP Photo)
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The Institute's presence on the Web
Broad Institute of MIT and Harvard

More on the Institute's history and efforts
Wikipedia

On one of Broad's breakthroughs
Medical News Today

 
philanthropy • Eli Broad • Cambridge • human genome • genetic research • endowment • Broad Institute • Edythe Broad

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