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
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)
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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.”