PROFESSION NOTES

Private Research Funding Falters; Tomorrow's Technologies; Adopt an Ethical Attitude in the Lab Erica P. Johnson FUNDING FORUM | Private Research Funding Falters Awards by charitable foundations are expected to decline for the first time in twenty years, and the life science community has already experienced the pain. Funding will at best remain flat, and most likely decrease in 2003, says Steven Lawrence, director of research for the Foundation Center in New York City. Declining endowment

Hal Cohen
Jan 12, 2003

Private Research Funding Falters; Tomorrow's Technologies; Adopt an Ethical Attitude in the Lab


Erica P. Johnson

FUNDING FORUM | Private Research Funding Falters

Awards by charitable foundations are expected to decline for the first time in twenty years, and the life science community has already experienced the pain. Funding will at best remain flat, and most likely decrease in 2003, says Steven Lawrence, director of research for the Foundation Center in New York City. Declining endowment values reflect receding returns in the stock market, where most charities invest their endowments. "A few years ago, our endowment peaked at $13 billion (US)," says Avis Meehan, vice president for communications and public affairs at Howard Hughes Medical Institute. "Now it's at $10 billion."

HHMI has announced laboratory budget cuts of as much as 20% over the next two years. "Even if you're not losing money, you're continuing to spend it, so your...

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