Aggregated News
Even as legal challenges have tied up funding for California's ambitious $3 billion effort to fund stem-cell research, big-dollar contributions from prominent Californians who stepped into the breach have kept the effort going.
Amid court challenges from groups opposed to the state effort, private donors have contributed more than $100 million in recent years to prop up the new stem-cell research agency, the California Institute for Regenerative Medicine, as well as research programs at state universities, according to a tally by The Wall Street Journal. Among the donors are Ray Dolby, the founder and chairman of Dolby Laboratories Inc., who has devoted $21 million to stem-cell-research programs in the past two years. Los Angeles real-estate developer Eli Broad has given at least $27 million. Venture capitalist John Doerr, bond-fund manager Bill Gross, and Qualcomm Inc. founder Irwin Jacobs have also been major contributors.
Such donations underscore the strong support for the controversial research in some corners of the philanthropic world, even as a larger debate rages about the role of government funding. Without these private contributions, the state might have...
Amid court challenges from groups opposed to the state effort, private donors have contributed more than $100 million in recent years to prop up the new stem-cell research agency, the California Institute for Regenerative Medicine, as well as research programs at state universities, according to a tally by The Wall Street Journal. Among the donors are Ray Dolby, the founder and chairman of Dolby Laboratories Inc., who has devoted $21 million to stem-cell-research programs in the past two years. Los Angeles real-estate developer Eli Broad has given at least $27 million. Venture capitalist John Doerr, bond-fund manager Bill Gross, and Qualcomm Inc. founder Irwin Jacobs have also been major contributors.
Such donations underscore the strong support for the controversial research in some corners of the philanthropic world, even as a larger debate rages about the role of government funding. Without these private contributions, the state might have...