[...]... evaluating the Markey Trust s grant programs in the biomedical sciences This evaluation addresses two questions: (1) Were the Trust s funds well spent? and (2) What can others learn from the programs of the Markey Trust both as an approach to funding biomedical research and as a model of philanthropy? MARKEY GRANT PROGRAMS The Markey Trust made awards reflecting the three main stages of a biomedical research. .. in their early careers The Committee for the Evaluation of the Lucille P Markey Charitable Trust Programs in Biomedical Science,1 with the assistance of the staff from the BHEW, is evaluating the three major components of the of the Trust s philanthropy: (1) the General Organizational Grants, (2) the Markey Scholars and Fellows program, and (3) the Research Program Grants This report examines the Research. .. useful 1The Committee for the Evaluation of the Lucille P Markey Program in Biomedical Sciences is the proper name of the NRC Committee that will assess the Markey Trust s activities Hereafter it will be referred to as the Markey Committee” or the “Committee.” 8 FUNDING BIOMEDICAL RESEARCH PROGRAMS to an evaluation of the impact of the Research Program Grants was not systematically collected This is the. .. Distribution of the Markey Trust programs and grant making SOURCE: Lucille P Markey Trust, 1996 MARKEY SCHOLARS AND VISITING FELLOWS The Markey Trustees recognized the importance of providing funding to young biomedical scientists to launch their careers The Trust 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 research programs in their nascent stages • Finally, the committee believes that a number of aspects of the Markey model of philanthropy, including its design as a limited-term trust, are worthy of consideration by other funders interested in fostering biomedical research Through the Research Program Grants, the Markey Trust created... owner received one- 2The History of the Markey Trust is largely a duplicate of the same section that appeared in Bridging the Bed-Bench Gap: Contributions of the Markey Trust The committee wants each of the 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 of the Trust, once told The Chronicle of Higher Education that when he and Mrs Markey were working out the details of the 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 The Trust focused on minimizing the bureaucracy in its administration of Research Program Grants awards • The committee believes that the Trust s goal of funding 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 of the Markey Trust The previously published, Bridging the Bed-Bench Gap: Contributions of the Markey Trust, examines the General Organizational Grants program, while The Markey Scholars Conference Proceedings summarizes presentations and abstracts from the 2002 Markey Scholars Conference held as part of the National Academies evaluation... members In 1984 the Trust announced the creation of the Markey Scholars Awards in Biomedical Sciences, which became the Trust s bestknown program The initial cohort of Markey Scholars was appointed in February 1985 In the fall of 1985, the initial Research Program Grants were awarded Later, in 1988, the Trust 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