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Institute heralds $50M gift

By   /   Monday, February 1st, 2010  /   Comments Off on Institute heralds $50M gift

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In another sign of the changing ways that medical research gets funded, the partner institute in the University of California, Santa Barbara’s Center for Nanomedicine received a $50 million gift from a philanthropist Jan. 26.

South Dakota billionaire Denny Sanford gave $50 million to the La Jolla-based Burnham Institute, the partner organization in the UCSB-Burnham Center for Nanomedicine established last year. The name will change to the Sanford-Burnham Institute.

Biomedical researcher Jamey Marth, the director of the joint center at UCSB, said the details of the gift’s impact on Santa Barbara and Sanford-Burnham’s other site in Florida will be worked out in coming weeks.

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