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January 21, 2016

Genomics Center Gets $100 Million From 2 Board Members

The New York Genome Center announced a combined $100 million challenge grant Wednesday from family funds led by two of its directors, James Simons and Russell Carson. The Simons Foundation will match up to $80 million raised by the biomedical research facility over the next three years, and the Carson Family Charitable Trust is offering $20 million.

Mr. Carson and Mr. Simons helped establish the center, a consortium of medical and research institutions and industry groups focused on translating genomics research into treatments for serious illness. Both are members of the nonprofit's board, with Mr. Carson serving as co-chair. The Simons Foundation is the largest donor to the center, with support exceeding $100 million including the new grant.