Word: gifting
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...Broad Institute, the Kendall Square-based genomic powerhouse that is affiliated with both Harvard and MIT, will receive a $400 million gift from founding benefactors Eli and Edythe L. Broad, according to several professors affiliated with the institute...
...gift, which would dwarf any donation given to either university, would enable the institute to create its own endowment, something that might allow it to become independent of the two schools...
News of the gift was first reported by an article on XConomy, a Web site devoted to technology news...
...March 2007, the Broad Institute reeled in a third $100 million gift, this one from the Stanley Medical Research Institute, to create a new center to study psychiatric disease, a move that backers said would jump-start the search for the genetic basis of bipolar disorder and schizophrenia. The Stanley Institute gift was the largest ever given for psychiatric disease research...
...Check TheCrimson.com for more updates regarding tomorrow's press conference as well as continuing coverage on what the gift means for the future of the Broad Institute...