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Caltech gets historic $400M gift to fund scientists

The California Institute of Technology (Caltech) has received a $400 million pledge from alum Ross M. Brown, who founded Cryogenic Industries, a massively successful company that developed equipment for cryogenic gas processing.

Caltech will use the gift — one of the largest in its history — to establish the Brown Institute for Basic Science. The institute will oversee and administer the Ross Brown Investigators Award Program, launched in 2020, which identifies promising mid-career chemistry and physics researchers and provides them with a $2 million award extending over five years.

Using the $400 million gift, Caltech will now grant a minimum of eight Brown Investigator Awards per year.

“The Brown Institute for Basic Sciences will be an important source of support for some of the nation’s most outstanding chemists and physicists,” says Caltech Provost David Tirrell.

“The awards program intends to provide these researchers with the financial resources, and the freedom and flexibility that comes with such support, to carry out this work,” says Brown. “I’m really interested in getting research done, and I think that this is a way to really make that happen in directed manner.”

Source: Forbes

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