By National Research Council, Policy and Global Affairs, Board on Higher Education and Workforce, Committee for the Evaluation of the Lucille P. Markey Charitable Trust Programs in Biomedical Sciences
In the course of an period of 15 years, the Lucille P Markey Charitable belief spent over $500 million on 4 courses within the simple biomedical sciences that aid the schooling and learn of graduate scholars, post-doctoral fellows, junior college, and senior researchers. The Markey belief requested the NRC to guage those courses with questions in brain: have been those cash good spent? and What can others within the biomedical and philanthropic groups research from the courses of the Markey belief, either as an method of investment biomedical study and as a version of philanthropy?One of 5 ensuing stories, this quantity examines the examine application provides, which presented $323 million to aid investigators with an important dedication to the lifestyles sciences and to aid within the institution, reorganization, or growth of vital biomedical learn facilities or courses. utilizing info from Markey documents, fabrics from provide recipients, and location visits to a pattern of institutional furnish recipients, the authoring committee describes the impression that Markey supplies made at the facilities and courses funded via those offers, besides the original points of the Markey method of investment that could be appropriate to different funders of biomedical examine courses.
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Additional resources for Funding Biomedical Research Programs: Contributions of the Markey Trust
For all of these examples, the Trust’s authorization to carry funds forward and not lose them allowed the recipients to shepherd the funds until they could be spent wisely. One grant recipient wrote: One of the major reasons that the Markey funds have been so effective in supporting these successes has been the degree of flexibility that the Trust has provided for using these funds. Since the use of most other funding is tightly and narrowly restricted, the Markey funds have been virtually the only source of flexible funding for our Institute, with which we can respond to new needs and, even more importantly, new opportunities.
In such cases, the Trust staff worked with potential grantees to fine-tune proposals. These criteria are detailed in the section “Selection of Research Program Grants” earlier in this report. During its initial planning meetings and at the two think-tank meetings, the Trust established the grant mechanism as the vehicle for distribution of most of its fund. More than $325 million was given to an elite cadre of proven investigators with a high likelihood of success. Success can be measured by examining the characteristics of recipient investigators and institutions and comparing them with the criteria for funding mandated by the Trustees.
Markey Charitable Trust, 1996. half funded investigator-initiated research. However, infrastructure development awards received more than $200 million in funding; considerably more than the $110 million awarded to investigator-initiated programs (see Figure 2). Recipients of large awards were more likely to purchase major equipment and to use funds for construction and renovation. Of the 30 large awards recipients—21 infrastructure development and 9 investigatorinitiated awards—over $62 million was used on equipment, construction, or renovation, an average of $2 million per award.