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Salk News: Institute receives $30 million gift

La Jolla, Calif. - An anonymous donor has made a $30 million donation to the Salk Institute for Biological Studies, providing the largest single gift in the history of the Institute.

The donor has designated the gift to "grow the general endowment of the Institute so that it can maintain strength and flexibility in pursing the best basic science and most promising scientists. Basic research in biology is an investment in human beings and in humanitarianism. Salk is in a unique position to contribute and this donor is proud to contribute to the future of the Salk".

"We are extremely grateful for this transforming gift that will have a profound impact on research at the Salk" said Dr. Richard A. Murphy, president and CEO of the Salk Institute. "It is particularly gratifying to see one donor make such a major investment in the power of basic research."

According to Murphy, "This gift to endowment will help ensure the Institute's future financial health and independence, its operating flexibility, and its ability to respond to the demands imposed by rapidly progressing science. Endowment represents the guaranteed venture capital that the Institute needs to make strategic investments in long-term programs, to attract new faculty, and to support emerging lines of research and new scientific initiatives."

The gift comes in the wake of a series of significant research accomplishments at the Salk Institute. During the past several months, Salk scientists have made significant advances in the understanding of Alzheimer's disease, Lou Gehrig's disease, AIDS, obesity, heart disease and diabetes.

"Philanthropy such as this fuels these research efforts," said Murphy.


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Contact: Robert Bradford
bradford@salk.edu
858-453-4100 x1290
Salk Institute
18-Nov-2003


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