Broad Foundation donates $25 million to create new stem cell institute at USC

Los Angeles, Calif., Feb. 23, 2006-The University of Southern California announced today it has received $25 million from The Broad Foundation to create the Broad Institute for Integrative Biology and Stem Cell Research at the Keck School of Medicine of USC. The 215,000-square-foot facility will be the largest stem cell research center in California.

The new Broad Institute will be the pivotal hub for integrative biomedical research on USC's Health Sciences Campus, bringing together researchers, biologists and equipment in one place as they investigate the causes and treatments of a wide spectrum of diseases.

"This will hopefully be the anchor of a new biomedical corridor in the region, where the nation's most cutting-edge research is conducted by some of the brightest minds in science," said Eli Broad, founder of The Broad Foundation.

"This new institute expresses Edythe and Eli Broad's passion for advancing scientific and medical research," said USC President Steven B. Sample.

"For many years the Broads have been the driving force behind programs that promote health and well-being, enhance cultural and educational opportunities, and support urban and economic revitalization. We are very fortunate that Edythe and Eli have the vision to see what needs to be done, the generosity to make it possible, and the will to make it a reality.

"Their contribution is a strong vote of confidence in the quality of the research programs at USC, and ensures that Southern California will remain the world's center for biomedical technology and the life sciences."

The Broad Institute will include the newly created Center for Stem Cell and Regenerative Medicine at the Keck School of Medicine, a multidisciplinary initiative comprised of researchers from the USC Health Sciences and University Park campuses as well as from Childrens Hospital Los Angeles. The scientific teams will pursue basic research in regenerative medicine and will wor

Contact: Jon Weiner
University of Southern California

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