November 26, 2022
Loading...
You are here:  Home  >  Banking & Finance  >  Personal Finance  >  Current Article

Institute heralds $50M gift

IN THIS ARTICLE

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.

The full version of this article is only available in the print edition. To view everything the Business Times offers, see this week’s print version or SUBSCRIBE to the print edition for $49.99 today.