Philanthropy has long played a major role in the search for cures to deadly and debilitating diseases. From the dawn of modern medicine until World War II, philanthropists were the primary sources of funding for medical research. That role changed after the war, when science and technology became a national priority and the government began making massive investments in scientific and medical research.
For most of the past decade, however, the budget for the National Institutes of Health, the national funding source for medical research, has stagnated. While philanthropy cannot replace government funding, its importance has grown. From early stage research projects to efforts that turn basic findings into cures to studies that test whether treatments are effective, philanthropy plays a vital role in supporting the advancement of medicine. Read more here.
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