February 9, 2011
Searle Funds at The Chicago Community Trust Renew Funding for Chicago Biomedical Consortium
The Searle Funds at The Chicago Community Trust (CCT) has renewed its funding commitment to the CBC. “The Searle family is very pleased with the innovations the CBC has introduced to Chicago and the scientific community during the past five years, “ said Karie Thomson, a member of the Searle family and a consultant to the Searle Funds at The Chicago Community Trust. “It makes sense to continue this collaborative work that is central to furthering Chicago’s prominence as a leader in biomedical sciences and offers much hope for scientific advancements. We look forward to seeing what the next five years uncover.”
The initial five-year funding commitment of $25 million, which concluded with a $5 million grant for 2010, supports and stimulates innovative multi-institutional collaborations in research and education that have propelled the Chicago area to become a leader in biomedical sciences, said Terry Mazany, president and chief executive officer of The Chicago Community Trust. “Based on a review of this initiative during its fourth year, the return on investment has been extraordinary, and the Searle family and The Chicago Community Trust have announced a five-year extension of the program beginning in January 2011.” Mazany said.
Members of the Searle Family were instrumental in establishing the CBC and have supported the program through the Searle Funds at the CCT since the CBC’s inception. The CBC thanks the Chicago area biomedical research community and the Searle Funds at The Chicago Community Trust for making the CBC’s mission possible!
Megan Fellman, NU, (847) 491-3115 or email@example.com
Steve Koppes, UChicago, (773) 702-8366 or firstname.lastname@example.org
Jeanne Galatzer-Levy, UIC, (312) 996-1583 or email@example.com
FOR RELEASE: February 9, 2011