Salk Institute Receives $25 Million Endowment Gift

The in La Jolla, California, has announced a $25 million gift from real estate developer and philanthropist Conrad T. Prebys in support of pioneering research on a range of diseases.

Part of the institute's $300 million , the largest gift ever to the institute's endowment will enable Salk researchers to take advantage of new technologies and scientific approaches in the expanding field of biomedical research. The funds also will be used to recruit top scientists and leverage other sources of funding, such as federal science grants. In recognition of the gift, the institute's auditorium will be named the Conrad T. Prebys Auditorium.

A native of South Bend, Indiana, Prebys founded the , a developer of real estate enterprises in California and Texas. A longtime supporter and former board member of the Salk Institute, Prebys previously gave $2 million to the institute to establish the Conrad T. Prebys Endowed Chair in Vision Research.

"The scientists at Salk are diving deep into understanding how our bodies operate at the molecular level and what happens when we get sick," said Prebys. "It is vital work that must be done before we can really conquer disease. We need this foundational science to lay the underpinnings for new therapies and cures. I'm honored to play a role in supporting this important research."

"." Salk Institute for Biological Studies Press Release 06/02/2014.