David H. Murdock Research Institute receives $50 million endowment from founder
May 14, 2013
As with any business venture, when an individual creates a foundation, he or she wants to see it thrive. The leader constantly pours his or her blood, sweat and tears into making sure this becomes a reality.
This was the case recently when David Murdock gave $50 million to the North Carolina-based David H. Murdock Research Institute (DHMRI). DHMRI's interim president Steven Lommel said that the money will be put toward outfitting the organization with resources that can address health conditions and improve nutrition initiatives through research in the molecular biology and population genetics fields, among others.
"My gift of $50 million to support the day-to-day operations of the David H. Murdock Research Institute over the next eight years will maintain the DHMRI as a critical engine for science," Murdock stated. "Science that will improve health in North Carolina and globally."
DHMRI is an entity that provides technologies to various researchers and other institutions worldwide, particularly those in healthcare and university settings. The group also sponsors a number of scientists that aim to make innovations in their respective fields and the funds allow them to conduct both on- and off-site projects.
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