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October 16, 2008 - Image 49

Resource type:
Text
Publication:
The Detroit Jewish News, 2008-10-16

Disclaimer: Computer generated plain text may have errors. Read more about this.

Business & Professional

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Biomedical Research
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Taubman further endows
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Ann Arbor

ust over one year ago, retail
pioneer A. Alfred Taubman
announced a $22 million
gift to the University of Michigan to
endow a new research institute aimed
at understanding, treating and pre-
venting human disease.
Recently, at the institute's first sym-
posium, he did it again — announc-
ing that he will bequeath an additional
$22 million to the university for the
institute's endowment.
The surprise announcement came
during a symposium on stem cells, the
first major event held by the A. Alfred
Taubman Medical Research Institute.
"Over the past year, I've been
impressed by the energy and ingenu-
ity that the institute's scientific teams
have displayed;' said the Bloomfield
Hills shopping mall mogul and mega-
philanthropist. "I hope this additional
gift will ensure that this type of highly
promising activity continues for
decades to come at U-M."
Although the new gift is a bequest,
it will eventually join the institute's
existing endowment to help fund the
research of future Taubman Scholars.
Each scholar will be a top U-M sci-
entist selected from the U-M Medical
School faculty, with new ones selected
at regular intervals.
The first five Taubman Scholars,
including Taubman Institute director
Eva Feldman, M.D., Ph.D., were named
at the time of the institute's found-
ing. Each was selected for his or her
remarkable creativity and research
that holds the potential to significantly
advance the development of a cure
or preventive treatment for a human
disease.
"We're tremendously grateful for
this visionary support, which will
make possible the type of research
that can only be done when scientists
and their teams have true freedom to
explore the most promising avenues
and pursue the most tantalizing leads:'
said Robert Ketch, M.D., U-M execu-
tive vice president for medical affairs.
"Al Taubman's generosity and corn-

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A. Alfred Taubman

mitment to the University allow us to
deepen our commitment to improve
the health and well-being of society.
His faith in our research provides
the difference that separates the
University of Michigan from other
institutions;' said U-M President Mary
Sue Coleman.
Currently, the five Taubman
Scholars are receiving $200,000 per
year for three years, for their laborato-
ry teams to use in the pursuit of new
knowledge. The scholars also serve as
advocates for research, by taking part
in U-M efforts to educate the public
about the importance of biomedical
research and of public and private
support for such research. Today's
stem cell symposium is among those
efforts.
"In today's climate of uncertain fed-
eral funding for science, especially for
high-risk, high-reward research, it's
truly gratifying to have a donor like Al
Taubman who understands the need
and has both the foresight and means
to fill that need:' said U-M Medical
School Dean James 0. Woolliscroft,
M.D.
Taubman, who attended U-M, has
been one of the institution's most gener-
ous supporters, with lifetime giving of
more than $60 million before today's
bequest announcement. More than $56
million of that amount has been given
as part of the University's $2.5 billion
Michigan Difference campaign, which
concludes in November. 0

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14 ,1:03 t4 )

October 16 • 2008 Cl

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