Burnham Institute gets $50 million gift; will change name

Few people who have made La Jolla their adopted home have so quickly brought about the lasting community impact of T. Denny Sanford. In less than three years, the South Dakota businessman and philanthropist has invested $100 million in San Diego life-science organizations.

His latest donation is a $50 million pledge to the Burnham Institute for Medical Research. In honor of Sanford’s significant gift, announced Tuesday, the institute was renamed the Sanford-Burnham Medical Research Institute. It follows his 2007 donation that established the institute’s Sanford Children’s Health Research Center.

At a news conference attended by Burnham trustees, major donors, and San Diego bioscience industry leaders, Gov. Arnold Schwarzenegger, San Diego Mayor Jerry Sanders, and San Diego civic leader Malin Burnham praised Sanford for his generosity and expressed admiration for his commitment to understanding medical research.

“He has been known to sit through hours of dense scientific presentations all in an effort to increase his knowledge,” said John Reed, Burnham president and CEO.

Burnham is not the only life science organization in San Diego to receive a gift from Sanford, who made much of his fortune in the banking industry. In 2008, Sanford donated $30 million to the San Diego Consortium for Regenerative Medicine, now known as the Sanford Consortium for Regenerative Medicine. Burnham is a member of the consortium.

The governor emphasized the importance of public-private partnerships, such as the Sanford gift, in advancing medical research and the state’s bioscience enterprise.

“California is home to the world’s finest biotechnology businesses and institutions that are not only producing a healthier tomorrow but also providing hundreds of thousands of jobs and generating tens of billions of dollars in economic impact in our state today,” Schwarzenegger said.

Sanford shared the stage with Malin Burnham as the two formally unveiled a placard bearing the institute’s new name. Friends and fellow sailors, Sanford quipped that Burnham is the “best fisherman” in the world. “He slipped $100 million out of my pocket,” he said.

Sanford’s latest gift will be made available in $10 million donations over five years and must be met by equal donations from the community to be fully realized.
“With this gift,” Sanford said. “I have challenged others to join me in supporting this life-changing science.”

With a net worth of about $1 billion, Denny Sanford ranks No. 701 on Forbes’ list
of the richest people in the world. He has been listed on the Chronicle of Philanthropy’s list of top donors and BusinessWeek magazine’s “50 Most Generous Philanthropists.”

Related posts:

  1. UCSD, Salk, Burnham researchers get nearly $55 million in CIRM grants
  2. Salk Institute receives $5 million gift
  3. Burnham Institute’s gala breaks donation records
  4. Owner of Padres gives $2.1 million to Scripps
  5. Five Burnham postdocs receive Fishman awards

Short URL: http://www.delmartimes.net/?p=2223

Posted by marylajolla on Jan 26, 2010. Filed under Archives. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply

Archives

Facebook

Bottom Buttons 1

Bottom Buttons 2

Bottom Buttons 3

Bottom Buttons 4

Bottom Buttons 5

Bottom Buttons 6

LA JOLLA NEWS

RSS LA JOLLA NEWS

RANCHO SANTA FE NEWS

RANCHO SANTA FE NEWS

RSS RANCHO SANTA FE NEWS

  • Rancho Santa Fe Library to present Alzheimer’s series
    Taking aim at Alzheimer’s, the county Board of Supervisors in May launched the Alzheimer’s Project, an effort to create a regional strategy to improve caregiver resources and to support research efforts to find better treatments and ultimately, a cure for the disease. […]
  • Rancho Santa Fe Invasive Plants and Better Alternatives
    By Steve Jacobs, Nature Designs In California we are lucky to live in a mild climate that allows us to grow amazing landscapes. Because of this mild climate, plants from other parts of the world often thrive; and some grow so well they become known as invasive. These plants ‘jump fences’ and ‘throw seeds.’ Their […]
  • Rancho Santa Fe School District’s robotics program receives new funding
    The Rancho Santa Fe School District is making its school’s robotics program more robust this year, allocating $42,500 in stipends to staff coaches just like the district does for its athletics program. “I think the program has taken a big step,” said Superintendent Lindy Delaney. “I think we’re on our way toward developing a great program there.” John Galipa […]