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[...]... evaluating theMarkeyTrust s grant programs in thebiomedical sciences This evaluation addresses two questions: (1) Were theTrust s funds well spent? and (2) What can others learn from theprogramsoftheMarkeyTrust both as an approach to fundingbiomedicalresearch and as a model of philanthropy? MARKEY GRANT PROGRAMSTheMarkeyTrust made awards reflecting the three main stages of a biomedical research. .. in their early careers The Committee for the Evaluation ofthe Lucille P Markey Charitable TrustPrograms in Biomedical Science,1 with the assistance ofthe staff from the BHEW, is evaluating the three major components oftheoftheTrust s philanthropy: (1) the General Organizational Grants, (2) theMarkey Scholars and Fellows program, and (3) theResearch Program Grants This report examines the Research. .. useful 1The Committee for the Evaluation ofthe Lucille P Markey Program in Biomedical Sciences is the proper name ofthe NRC Committee that will assess theMarkeyTrust s activities Hereafter it will be referred to as theMarkey Committee” or the “Committee.” 8 FUNDINGBIOMEDICALRESEARCHPROGRAMS to an evaluation ofthe impact oftheResearch Program Grants was not systematically collected This is the. .. Distribution oftheMarkeyTrustprograms and grant making SOURCE: Lucille P Markey Trust, 1996 MARKEY SCHOLARS AND VISITING FELLOWS TheMarkey Trustees recognized the importance of providing funding to young biomedical scientists to launch their careers TheTrust dedicated $63,093,900 to fund the Scholar Awards in Biomedical Sciences and the United Kingdom and Australian Visiting Fellows Scholar Awards in Biomedical. .. this evaluation, the committee noted that a number of grants supported researchprograms in their nascent stages • Finally, the committee believes that a number of aspects oftheMarkey model of philanthropy, including its design as a limited-term trust, are worthy of consideration by other funders interested in fostering biomedicalresearch Through theResearch Program Grants, theMarkeyTrust created... owner received one- 2The History oftheMarkeyTrust is largely a duplicate ofthe same section that appeared in Bridging the Bed-Bench Gap: ContributionsoftheMarkeyTrustThe committee wants each ofthe five reports produced in this evaluation to exist independently; consequently some sections are repeated in each report 3The Lucille P Markey Charitable Trust is the institution’s official name In this... as the Trustees changed Louis J Hector, who became chairman ofthe Trust, once told The Chronicle of Higher Education that when he and Mrs Markey were working out the details ofthe Trust, the heiress told him, “I want the money out there doing a job, and I think what the trustees ought to do is spend it in a reasonable amount of time and then shut down” (Nicklin, 1997) Mrs Markey elected to limit the. .. Trust funds TheTrust focused on minimizing the bureaucracy in its administration ofResearch Program Grants awards • The committee believes that theTrust s goal offunding high-risk biomedical research, research that would not ordinarily be funded by NIH, NSF, or other funders, was met Although examining the portfolio of grants in terms of whether they were high risk was beyond the scope of this evaluation,... This is the third in a series of reports that document the activities oftheMarkeyTrustThe previously published, Bridging the Bed-Bench Gap: ContributionsoftheMarkey Trust, examines the General Organizational Grants program, while TheMarkey Scholars Conference Proceedings summarizes presentations and abstracts from the 2002 Markey Scholars Conference held as part ofthe National Academies evaluation... members In 1984 theTrust announced the creation oftheMarkey Scholars Awards in Biomedical Sciences, which became theTrust s bestknown program The initial cohort ofMarkey Scholars was appointed in February 1985 In the fall of 1985, the initial Research Program Grants were awarded Later, in 1988, theTrust began making what would later be classified as General Organizational Grants Each of these award . Biomedical Research
Programs: Contributions of the Markey Trust. Committee for the Evaluation of the
Lucille P. Markey Charitable Trust Programs in Biomedical Sciences ACKNOWLEDGMENTS
This is the third of a series of reports that document the activities of
the Markey Trust. This report examines the Research Programs Grants,
the largest