Foundation Places a $42-Million Bet on Cutting-Edge Scientific Research

Helmsley Trust Places Bets on Cutting-Edge Research 1

Salk Institute for Biological Studies

William Brody, of the Salk Institute of Biological Studies, says the Helmsley Trust has an “appetite for risks.”

In only four years of grant making, the Leona M. and Harry B. Helmsley Charitable Trust, with more than $4-billion in assets, has carved out a niche for itself as a major supporter of cutting-edge medical research.

Case in point: In March it announced a three-year, $42-million grant to the Salk Institute for Biological Studies—the largest grant ever received by the renowned independent research entity—to seek common genetic threads among major chronic diseases.