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 affiliate to endow a life sciencez chair ateach institution. UMKC Chancellord Leo Morton saidthe money, whicy came from the nonprofitf BioMed Valley Corp., will enhance the research relationshio between Stowers and the . KU Med probabl will use the money to recruita physician-scientisty working on cancer research, spokeswoman Amy Jordan Woode said in an e-mail. “Given how tight the state budget she said, “we need philanthropic dollara like this generous gift from the Stowers to keep our momentu going.” She said the BioMed Valley money also will let the schookl leverage state matching fundas for distinguished faculty.
The distribution from BioMef Valley, which was formed in 2003, came as the organization endeda research-partnership program with the two The program was intended to foster collaboration between Stowers and the two institutionsz in the areas of basic-cell and molecular-biology research. Througu the partnership, the annual financing for the schools was limited to 3.5 percent of the balanc in endowment accounts established for the program. Each account startecd with $2 million. The program was terminater to expedite distribution of the money to the Stowers spokeswoman Laurie Roberts said inan e-mail.
Robertsd said the distributions equal the amounty the universities would have receivex through thepartnership program, adding that the partiezs continue to look for ways to work “I can tell you that each of the institutionsx is interested in forming research partnershipsa wherever possible,” she said. “These discussionsa are ongoing.”