Skip to comments.Stem-cell center gets $10 million (Embryonic Stem Cells)
Posted on 07/05/2006 11:36:41 AM PDT by TheDon
Famed Newport Beach bond trader Bill Gross is donating $10 million to UC Irvine to support human embryonic stem-cell research at a campus that's competing hard to become a mecca in the young and controversial field.
Gross and his wife Sue gave UCI $2million for such things as equipping, staffing and operating the university's new Stem Cell Research Center. They've pledged an additional $8 million toward a proposed permanent institute that could cost $80 million.
(Excerpt) Read more at ocregister.com ...
Private donations for embryonic stem cell research is not prohibited. Only Federal funding is prohibited.
Privately, any number of philanthropic agencies may provide funding for this research. What many of these organizations have done over the years, is give "seed money" to start the research (mostly to get the grant requests written up), then get the researchers to tap the Federal government for additional funding. Now, when they have to come up with ALL the funding, they are feeling SO abused.
OK, so don't go around opening up these cans of worms.