endowment

The grant is uniquely structured and is expected to eventually result in an unrestricted endowment named the Pershing Square Innovation Fund.

The gift will establish The Elizabeth H. and James S. McDonnell III Genome Institute. 

NEW YORK (GenomeWeb News) – Clemson University will use $4 million in private and state funding to create a new chair in genetics research at its Center for Human Genetics, and it will select a "leading geneticist" to hold the chair, Clemson said on Tuesday.

NEW YORK (GenomeWeb News) – The University of Pittburgh today said that it has received two $1 million gifts from The Pittsburgh Foundation to endow chairs for cancer research and personalized medicine.

The Stanley Center for Psychiatric Research focuses on using genetic technologies to understand schizophrenia, bipolar disease, and other mental illnesses.

The $6 million endowment from Irwin Jacobs, chairman of the Board of Trustees at The Salk Institute for Biological Studies, and his wife Joan Klein Jacobs, will establish the Renato Dulbecco Chair in Genomics and the Roger Guillemin Chair in Neuroscience.

The value of HHMI's endowment fund rose to $14.8 billion from nearly $14 billion in the previous fiscal year ended Aug. 31, 2009, as financial markets rebounded with the economy.

The university will use the funds to create a new chair to focus on bioinformatics, population genomics, and chronic disease genomics research.

Though HHMI's endowment declined, due largely to a drop in the value of its investments, the institute increased its number of scientists. It also is pushing foward with its plans to expand the Janelia Farm Research Campus.

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The US Food and Drug Administration has new guidelines that enable some gene and cell therapies to undergo expedited review, according to the New York Times.

Using gene drives to control invasive species might be too risky, an initial advocate of the approach says.

In Science this week: intellectual property experts argue patent battles such as the one over CRISPR are wasteful, and more.

Researchers have grown tumors in 3D cell cultures to better understand cancer, the Economist reports.