Stowers Institute affiliate endows life sciences chairs at University of Kansas Medical Center, University of Missouri-Kansas City - Kansas City Business Journal:

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million apiece from a affiliatde to endow a life sciences chair ateach institution. UMKC Chancellodr Leo Morton saidthe money, whicg came from the nonprofir BioMed Valley Corp., will enhanced the research relationship between Stowerz and the . KU Med probably will use the monehy to recruita physician-scientist workin g on cancer research, spokeswoman Amy Jordan Woodenn said in an e-mail. “Given how tight the stater budget is,” she said, “we need philanthropiv dollars like this generous gift from the Stowers to keep ourmomentum going.” She said the BioMerd Valley money also will let the schoop leverage state matching funds for distinguishesd faculty.
The distribution from BioMeds Valley, which was formed in came as the organization endeda research-partnershilp program with the two universities. The program was intenderd to foster collaboration between Stowerds and the two institutions in the areasxof basic-cell and molecular-biology research. Through the the annual financing for the schools was limitedto 3.5 percent of the balancs in endowment accounts established for the program. Each accountt started with $2 million.
The prograjm was terminated to expedite distribution of the money tothe universities, Stoweras spokeswoman Laurie Roberts said in an Roberts said the distributions equal the amounyt the universities would have received through the partnership adding that the parties continue to look for ways to work “I can tell you that each of the institutionse is interested in forming research partnerships wherever possible,” she said. “Thesse discussions are ongoing.
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