Founders Donate $100M to Harvard for Broad Institute
By Kelley Rivoire
EDITOR IN CHIEF
A year and a half ago, the Broad Institute was launched through a $100 million gift to MIT from philanthropists Eli and Edythe Broad. Last Wednesday, the Broads pledged another $100 million, this time to Harvard, MIT’s university partner in the genome research center.
The Broad Institute also includes Harvard-affiliated hospitals and MIT’s Whitehead Institute for Biomedical Research.
The $200 million total contribution is the largest such gift for a research collaboration between universities, according to a press release.
The Broad Institute’s main projects include the RNAi Consortium, study of the use of RNA interference as a tool for gene silencing; the Mammalian Genome Project, successor to the Human Genome Project in gene sequencing; and the Cancer Genome Project, which aims to provide a complete list of genetic variations that could have roles in cancer.
“The Broads’ unrestricted support helps a remarkable generation seize the opportunities ahead,” said Eric S. Lander, founding director of the Broad Institute, according to a press release.
“This unprecedented partnership between MIT and Harvard University, together with the Harvard Hospitals and the Whitehead Institute, has resulted in a research community that is tackling some of the most important questions in biomedicine,” said Eli Broad, according to the press release.
The combined $200 million gift will be received over 10 years at $20 million per year, the press release said.
Early next year, the Broad Institute will move into a new building under construction at 7 Cambridge Center, near the new Brain and Cognitive Sciences Complex.