Broad Institute Receives $650 Million for Psychiatric Research from PhilanthropistBy
The Broad Institute announced a commitment of $650 million from philanthropist Ted Stanley aimed at galvanizing scientific research on psychiatric disorders and bringing new treatments based on molecular understanding (i.e., genomics). The Stanley commitment, the largest ever in psychiatric research and among the largest for scientific research in general, will support research by a collaborative network of researchers within the Stanley Center for Psychiatric Research at the Broad Institute, a biomedical research institution that brings together faculty from the Massachusetts Institute of Technology, Harvard University, the Harvard-affiliated hospitals, and collaborators worldwide.
Stanley's commitment to support the work of the Broad Institute will consist of annual gifts during his lifetime followed by a bequest, with a total current value exceeding $650 million. Taking prior gifts intoaccount, Stanley's philanthropy in support of the Broad Institute's work totals more than $825 million.
Source: The Broad Institute