Foundation boosts donations to stem cell researchers

One of the nation’s largest charitable foundations has increased its investment in stem cell therapy to $150 million with its latest donation.

The New York-based Starr Foundation recently gave $50 million – on top of previous gifts totaling $100 million – to the Tri-Institutional Stem Cell Initiative, which is made up of researchers at Memorial Sloan Kettering Cancer Center, the Rockefeller University and Weill Cornell Medicine.

The grant was reported in Crain’s New York Business newspaper.