The Salk Institute for Biological Studies reported Tuesday that it raised nearly $68 million in the 2014 fiscal year through its capital fundraising campaign.
Initiated in 2009, the Campaign for Salk has now raised more than $275 million; it is the institute's first-ever capital fundraising effort. Salk Institute said in a release that the 2014 results place the institute on track to reach its goal of $300 million by the summer of 2015.
"This year's fundraising success is a testament to the importance of the scientific research conducted at the Salk Institute and to the vision and generosity of the many donors who support our scientists' pursuit of life-changing discoveries," Rebecca Newman, Salk's vice president of external relations, said.
Among the gifts received in the past year was a $3 million award from the Glenn Foundation for Medical Research, aimed at research toward understanding the biology of normal human aging and age-related diseases. Salk concluded the 2014 fiscal year with a $25 million gift from San Diego philanthropist and former Salk trustee Conrad Prebys, in support of biological research on a wide range of diseases. The single largest gift to the Salk Institute's unrestricted endowment, the Prebys donation will help Salk researchers discover the next generation of breakthrough medical therapies, according to Salk.