News and analysis
June 16, 2013

Foundation Places a $42-Million Bet on Cutting-Edge Scientific Research

Salk Institute for Biological Studies

William Brody, of the Salk Institute of Biological Studies, says the Helmsley Trust has an “appetite for risks.”

In only four years of grant making, the Leona M. and Harry B. Helmsley Charitable Trust, with more than $4-billion in assets, has carved out a niche for itself as a major supporter of cutting-edge medical research.

Case in point: In March it...

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