Record Donation Goes to Stanford Stem Cell Research
Stanford University on Tuesday announced that it has received a $33 million donation to build a stem cell research center, the Los Angeles Times reports (Engel, Los Angeles Times, 2/28).
The facility will house Stanford's Institute for Stem Cell Biology and Regenerative Medicine. The school hopes to begin construction in 2009 and finish by 2011.
The donation from Lorry Lokey, founder of Business Wire and a Stanford alumnus, is the largest single gift to the university's medical school from an individual (San Francisco Business Times, 2/27).
The California Institute for Regenerative Medicine, the state's stem cell agency, last week awarded Stanford 12 research grants worth $7.6 million, the most of all recipients who received funding (California Healthline, 2/20).