Friday, September 12, 2008

Eli and Edythe Broad make unprecedented gift — The Harvard University Gazette

Eli and Edythe Broad make unprecedented gift — The Harvard University Gazette: "Eli and Edythe Broad make unprecedented gift
Recent $400M endowment gift from Broads brings total commitment to $600 million

Los Angeles-based philanthropists Eli and Edythe Broad on Sept. 4 declared the Broad Institute of Harvard and MIT an unprecedented success as an experiment in science and philanthropy and announced that they have increased their total gift to the Broad by $400 million to $600 million. The $400 million will be an endowment to convert the institute — which was originally launched as a 10-year “venture” experiment — into a permanent biomedical research organization aimed at transforming medicine."

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