Science philanthropy pushes the frontiers of discovery

03/17/2014 | New York Times (tiered subscription model), The

Philanthropists including Michael Milken, Bill and Melinda Gates, Debra Black, Ronald Perelman, Eli Broad and Paul G. Allen increasingly step in to fund cutting-edge scientific research where government funding falls short. Science philanthropy has been criticized for focusing on pet projects, while basic science is underfunded, but philanthropists are more frequently funding translational science, and they have the ability to see projects such as polio eradication through to completion. Experts warn that philanthropy is a complement to, not a substitute for, government funding.

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New York Times (tiered subscription model), The

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