Science philanthropy, Dr. Hood said, “lets you push the frontiers.”Over the years, the flood of private money has also inspired something of a reversal. In gene sequencing, in translational medicine, in the Obama administration’s Brain initiative and in other areas, the federal government, instead of setting the agenda, increasingly follows the private lead. Private donors now back dozens of science awards, and the government offers hundreds of its own, motivated, according to a White House study, “by the success of philanthropic and private sector prizes.” Sometimes, private donors go to the government’s aid. When budget cuts threatened to shut down a giant particle accelerator on Long Island in 2006, Dr. Simons, the hedge-fund investor, who lives nearby, raised $13 million to bail it out.
Posted on: Sun, 16 Mar 2014 13:16:20 +0000
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