Eli and Edythe L. Broad endow the Broad Institute of Harvard and MIT with additional $400 million

Los Angeles-based philanthropists Eli and Edythe Broad today declared the Broad Institute of Harvard and MIT  an unprecedented success as an experiment in science and philanthropy, and announced that they have increased their total gift to the Broad by $400 million to $600 million.  The $400 million will be an endowment to convert the institute — which was originally launched as a 10-year “venture” experiment — into a permanent biomedical research organization aimed at transforming medicine.

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