February 12, 2009
$100-Million Gift Will Finance Effort to Fight AIDS and Other Diseases
A software entrepreneur and his wife last week pledged $100-million through their new family foundation to create an institute dedicated to the discovery of an AIDS vaccine.
The institute will eventually focus on other efforts to prevent diseases that attack people's immune systems.
The money for the Phillip T. and Susan M. Ragon Institute, $10-million a year over a decade, will be shared by Harvard University, Massachusetts General Hospital, and the Massachusetts Institute of
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