T. Denny Sanford Donates $30 Million to San Diego Consortium for Regenerative Medicine
, September 16, 2008
The San Diego Consortium for Regenerative Medicine today announced that it has received a generous $30 million donation from T. Denny Sanford of South Dakota.
In recognition of the donation, the Consortium is now known as the Sanford Consortium for Regenerative Medicine. The funds provided by Sanford, combined with a $43 million major facilities grant awarded by the California Institute for Regenerative Medicine (CIRM) earlier this year, will be used to build and equip a facility where scientists from the Consortium’s four member institutions can collaborate on world-class stem cell research
“The fact that Denny Sanford chose to make such a substantial donation to the Sanford Consortium speaks volumes about the quality research that scientists from our four member institutions bring to the table,” said Edward Holmes, M.D., SDCRM’s President and CEO. “This facility will allow for faster and smarter research to take place by providing a venue for collaboration.”
Sanford added, “I am excited to support this unique collaboration of four world class institutions. I believe that by working together these researchers will quickly bring forward novel scientific developments that ultimately help patients with limited or no treatment options today.”
The gift will be announced at a press conference to be held today at 10 a.m. PDT at the Burnham Institute for Medical Research in La Jolla, Calif.
The Sanford Consortium will be one of seven new stem cell research Institutes funded by CIRM to help build California’s global leadership in stem cell research and to accelerate the field as a whole.