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.
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?
Maybe they’ll be able to afford cost of living adjustments for their postdocs and research assistants now
wishful thinking