Institute is renamed Sanford-Burnham Medical Research Institute to honor gift
Burnham Institute for Medical Research (Burnham) announced today that philanthropist T. Denny Sanford has pledged $50 million to support and further expand and accelerate the Institute's leading-edge medical research. To honor Sanford, Burnham, has been renamed the Sanford-Burnham Medical Research Institute. This is the second gift Sanford has made to Burnham. In 2007, he directed $20 million through Sanford Health to create the Sanford Children's Health Research Center at Burnham.
"Denny Sanford's continuing generosity will help us make a greater impact on human health," said John C. Reed, M.D., Ph.D., President and CEO, professor and Donald Bren Presidential Chair. "Medical research is changing rapidly. This gift provides a base that enhances our ability to innovate, allowing us to create and maintain technological capabilities that empower great science and also providing seed funding for new ideas that generate promising pilot results so critical for competitive grant applications. At the other end of the spectrum, this remarkable gift provides much-needed support for translating our discoveries into novel strategies for prevention, diagnosis and therapy of diseases."
The Sanford gift will significantly strengthen Burnham's endowment. While Burnham has been extremely successful at winning grant support from the National Institutes of Health (NIH), achieving eight consecutive years of double-digit growth in grant revenue and currently ranking fourth in the nation among similar organizations, philanthropy provides funding for initiatives not typically supported by the NIH and ensures stability in an increasingly competitive grant environment. The gift will be made in $10 million increments for five years.
"Since the Sanford Children's Health Research Center was established, I have had the opportunity to observe the incredible research being conducted by Burnham scientists," said Denny Sanford. "With this gift I have challenged others to join me in supporting this life-changing science."
Malin Burnham, whose own gift catalyzed a similar transformation in 1996, welcomes the change and the challenge. "We are all honored by the confidence Denny Sanford has shown in the Institute," said Burnham. "These additional resources will help our scientists address many of the world's most devastating diseases faster, and that will benefit patients."