AACI News
Burnham Marks $50 Million Donation with Renaming
Burnham Institute for Medical Research (Burnham) announced today that philanthropist T. Denny Sanford has pledged $50 million to support and further expand and accelerate the Institute’s leading-edge medical research. To honor Sanford, Burnham, has been renamed the Sanford-Burnham Medical Research Institute. This is the second gift Sanford has made to Burnham. In 2007, he directed $20 million through Sanford Health to create the Sanford Children’s Health Research Center at Burnham.
"Denny Sanford’s continuing generosity will help us make a greater impact on human health," said John C. Reed, M.D., Ph.D., President and CEO, professor and Donald Bren Presidential Chair. "Medical research is changing rapidly. This gift provides a base that enhances our ability to innovate, allowing us to create and maintain technological capabilities that empower great science and also providing seed funding for new ideas that generate promising pilot results so critical for competitive grant applications. At the other end of the spectrum, this remarkable gift provides much-needed support for translating our discoveries into novel strategies for prevention, diagnosis and therapy of diseases."
The Sanford gift will significantly strengthen Burnham’s endowment. While Burnham has been extremely successful at winning grant support from the National Institutes of Health (NIH), achieving eight consecutive years of double-digit growth in grant revenue and currently ranking fourth in the nation among similar organizations, philanthropy provides funding for initiatives not typically supported by the NIH and ensures stability in an increasingly competitive grant environment. The gift will be made in $10 million increments for five years.
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Burnham Institute for Medical Research (Burnham) announced today that philanthropist T. Denny Sanford has pledged $50 million to support and further expand and accelerate the Institute’s leading-edge medical research. To honor Sanford, Burnham, has been renamed the Sanford-Burnham Medical Research Institute. This is the second gift Sanford has made to Burnham. In 2007, he directed $20 million through Sanford Health to create the Sanford Children’s Health Research Center at Burnham.
"Denny Sanford’s continuing generosity will help us make a greater impact on human health," said John C. Reed, M.D., Ph.D., President and CEO, professor and Donald Bren Presidential Chair. "Medical research is changing rapidly. This gift provides a base that enhances our ability to innovate, allowing us to create and maintain technological capabilities that empower great science and also providing seed funding for new ideas that generate promising pilot results so critical for competitive grant applications. At the other end of the spectrum, this remarkable gift provides much-needed support for translating our discoveries into novel strategies for prevention, diagnosis and therapy of diseases."
The Sanford gift will significantly strengthen Burnham’s endowment. While Burnham has been extremely successful at winning grant support from the National Institutes of Health (NIH), achieving eight consecutive years of double-digit growth in grant revenue and currently ranking fourth in the nation among similar organizations, philanthropy provides funding for initiatives not typically supported by the NIH and ensures stability in an increasingly competitive grant environment. The gift will be made in $10 million increments for five years.
More