September 18, 2008

Biomedical Institute Receives $400-Million

By Maria Di Mento

Eli and Edythe L. Broad have announced that they are pledging $400-million to endow the Broad Institute of Harvard and MIT, in Cambridge, Mass., a biomedical-research center that is jointly run by Harvard University, the Massachusetts Institute of Technology, and the Whitehead Institute for Biomedical Research.

The Broads, who have given more than $1.7-billion in their lifetimes, provided $100-million to start the institute in 2003. Its goal is to bring researchers together from a