A Beautiful Gift In Mental Health-$650 Million Donation
July 21, 2014
CreditMax Reed for The New York Times
Ted Stanley, 84, who earned a fortune selling collectibles, created a foundation to support psychiatric research. “I would like to purchase that happy ending for other people,” he said referring to his son Jonathan’s bipolar disorder.
Late on Monday, the Broad Institute, a biomedical research center, announced a $650 million donation for psychiatric research from the Stanley Family Foundation — one of the largest private gifts ever for scientific research.
It comes at a time when basic research into mental illness is sputtering, and many drug makers have all but abandoned the search for new treatments. Read the full story here: The New York Times
Read: The only practicing clinical psychologist in Congress, Republician Representative Tim Murphy is trying to turn his Families in Mental Health Crisis Act into law. The Helping Families in Mental Health Crisis Act has 72 co-sponsors, divided roughly evenly between Republicans and Democrats.