Healthcare Magazine December 2014 | Page 32

Stanley Family Foundation
$ 650 Million
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Stanley Family Foundation

$ 650 Million

Founder of the Stanley Family Foundation , Theodore Stanley pledged $ 650 million to the Broad Institute in Cambridge , Massachusetts , for research into psychiatric disorders and bringing new treatments based on molecular understanding to hundreds of millions of people around the world .
Stanley ’ s commitment to support the work of the Broad Institute will consist of annual gifts during his lifetime followed by a bequest . Taking prior gifts into account , Stanley ’ s philanthropy is support of the Broad Institute totals more than
32 December 2014