SAN FRANCISCO — The University of California, San Francisco, announced Thursday that it would receive a $500 million gift — among the largest donations ever to any university — reinforcing the health-science university’s ascendency in research and education and promising to stoke the Bay Area’s already white-hot life sciences industry.

The money from the Helen Diller Foundation comes on top of $700 million in other large donations since 2014. Much of the money will be used to recruit talented scientists and fund cutting-edge but risky ideas — the sorts of investments that can sprout biotech startups.

Unlock this article by subscribing to STAT Plus and enjoy your first 30 days free!

GET STARTED

What is it?

STAT Plus is STAT's premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond.

What's included?

  • Daily reporting and analysis
  • The most comprehensive industry coverage from a powerhouse team of reporters
  • Subscriber-only newsletters
  • Daily newsletters to brief you on the most important industry news of the day
  • Online intelligence briefings
  • Frequent opportunities to engage with veteran beat reporters and industry experts
  • Exclusive industry events
  • Premium access to subscriber-only networking events around the country
  • The best reporters in the industry
  • The most trusted and well-connected newsroom in the health care industry
  • And much more
  • Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr.

Leave a Comment

Please enter your name.
Please enter a comment.

  • More or less than half of NIH award for PIs go to UCSF as overhead, in addition to incoming/savings from their hospital and partnerships with the city (including sister health institutions). In addition, UCSF is “non-profit” right? So in total, they never really needed more money then they ever had. What is the point in given a successful institution (more) money for research? Definitely not going to improve the lives of researchers?

A roundup of STAT’s top stories of the day in science and medicine

Privacy Policy