Canyon News – $4 Million Gift Given For Medical Research

$4 Million Gift Given For Medical Research Posted by Alex Nochez on May 15, 2014 - 5:48:54 AM

WESTWOODTwo gifts were bestowed to UCLA in the amount of $4 million on May 8.

Eli and Edythe Broad.

The donation from The Eli and Edythe Broad Foundation is aimed at funding the Broad Stem Cell Research Center and the Division of Digestive Diseases, according to a statement from the school.

Two million dollars were given to the Broad Stem Cell Research Center to add to the $20 million already given to the center by The Broad Foundation since 2007. The gift will further the efforts of the center's Innovation Award program, which gives researchers seed funding that allows them to gain additional funding for their projects. Agencies like the National Institutes of Health and the California Institute of Regenerative Medicine have contributed grants to these projects, with the latter agency having given over $200 million so far.

The Broads' generous support has been essential to the development of new therapies that are currently in, or very near, clinical trials for treating blindness, sickle cell disease and cancer, said Director of the Broad Stem Cell Research Center Dr. Owen Witte.

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Canyon News - $4 Million Gift Given For Medical Research

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