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Conversations with tyler peter thiel9/7/2023 ![]() That growth is largely thanks to new philanthropies built on wealth from technology, data, and finance, she says. Contributions from higher education funds, which include money donors gave to university endowments in the past, increased from $1.9 billion to more than $14 billion in that same period. Nonprofit and philanthropic contributions for basic research increased from $1.5 billion in 1990 to $9.8 billion in 2020, according to NSF surveys. The impact of private donors has grown since the 1990s, says France Córdova, president of the Science Philanthropy Alliance, which works to increase giving to science research. That margin is narrowing, according to National Science Foundation surveys. Today federal funding for basic science, which provides a foundation for knowledge and discovery rather than solving a specific problem, still exceeds the combined contributions from corporations, universities, and philanthropy. The federal government became the majority funder of basic science research at universities and nonprofit research institutes in the post-World War II era. Rockefeller, who wanted to reimagine the institutions of science in the 1910s, ’20s and ’30s. He sees parallels between today’s donors and Andrew Carnegie and John D. “There is a sort of ‘back to the future’ element to what these guys are doing,” says Eric John Abrahamson, a historian at work on a book about science philanthropy. Private donors have long played a role in shaping science in the United States - from the creation of the modern research universities to the independent research institutions of the early 20th century and beyond. Others question the societal implications when more science research is driven by a handful of tech elites motivated by the “move fast and break things” ethos. Many of the experiments are similar to approaches already backed by government, leading some to question whether small-scale funding experiments in science are money well spent. ![]() While these contributions are just a drop in the bucket compared with the nearly $50 billion the NIH spends on research each year, they’ve been met with both applause and ambivalence from scientists and philanthropy observers. Collison, along with Vitalik Buterin, creator of the Ethereum blockchain platform, and other donors, pledged more than half a billion dollars to the Arc Institute, a new biomedical research nonprofit that wants scientists to focus on science, not chasing grants.Įric and Wendy Schmidt spun off Convergent Research, a nonprofit helping to incubate independent organizations to develop research tools and niche or underfunded areas of science. ![]()
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