News & AnalysisResearch Philanthropy

Billionaire Restores Funding for Novel Biomedical Network

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Science  16 Nov 2012:
Vol. 338, Issue 6109, pp. 873-874
DOI: 10.1126/science.338.6109.873

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In 2006, Sheldon Adelson, now the 12th richest person in the United States according to Forbes, started the Dr. Miriam and Sheldon G. Adelson Medical Research Foundation (AMRF) along with his physician wife. But the foundation almost collapsed after the 2008 recession took a huge bite out of Adelson's company, Las Vegas Sands Corp. Now that its share price has bounced back, Adelson wants to reenergize the scientific network. AMRF has no fixed budget, but this year it's putting roughly $20 million to $25 million into bold ideas in neuroscience and cancer. And Adelson hints that number may grow.