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Executive Summary
Pages 1-5

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From page 1...
... These areas, which emerged over the life of the Trust, covered · support of young researchers in the biomedical sciences; · establishment, reorganization, or expansion under able investigators of major biomedical research programs or centers; and · training opportunities in translational research for graduate and medical students. The Markey trustees were also aware that their mode of philanthropy could provide a model of philanthropy that others could follow, for example, · distributing all the assets of the Trust over a limited period of time, thereby allowing more funds to be distributed in a given year and larger awards to be offered; · operating with a small core staff, thereby reducing administrative costs and allowing for a higher proportion of funds to be awarded to grantees; and 1
From page 2...
... " MARKEY GRANT PROGRAMS The Markey Trust awards reflect the main stages of a biomedical research career: basic training, development of young faculty, and research by experienced scientists. The three categories of grants are (1)
From page 3...
... research institutions. Research Program Grants Research Program Grants were designed to enable established investigators to address important issues in the biomedical sciences through development of new approaches or expansion of continuing approaches to the study of basic biomedical research questions.
From page 4...
... Over $500 million was distributed to fund biomedical research in a 15-year period. · The funds were distributed appropriately for training and organizational change.
From page 5...
... Moreover, these programs were able to use Markey funds to leverage other sources of funding. There is still a strong national need to ',bridge the bed-bench gap" between biomedical research and its clinical application.


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