$12 million gift could help Children’s Health take ‘big risks’ in research – Dallas News (blog)
Children’s Health established the research institute in 2011, a joint venture with UT Southwestern Medical Center.
It has seven labs and more than 70 scientists focused on genetics, cancer and regenerative medicine, all located on the top two floors of the C. Kern Wildenthal research building on Harry Hines Boulevard.
The hope is to expand to 15 labs and recruit more staffers, in part using new money from the Moody Foundation.
That foundation was established in 1942 in a trust from Galveston native William L. Moody, a businessman whose industries included banks, hotels and insurance companies. It has issued more than 3,700 grants, totaling $1.3 billion, to date.
For example, it built the Moody Gardens tourism and educational center in Galveston and gave $50 million to establish the Moody College of Communication at the University of Texas at Austin. Earlier this year, it offered $22 million to support Dallas arts organizations, an award approved in May.
The latest award to Children’s Health in Dallas isn’t the first.
Moody was an early investor in the system’s research institute, with a gift of $2.6 million in 2012 and another of $2.7 million in 2014. The new investment is fueled by a vision to support projects with the potential to be transformative and bring top talent to Texas, said Jamie Williams, the foundation’s regional grants director.