Friday, July 25, 2014

$650 Million Gift to Study Genetics of Psychiatric Disorders

 

The Chronicle of Philanthropy is commenting on billionaire businessman Ted Stanley's recent $650-million pledge to the Broad Institute to study the genetics of psychiatric disorders.  The pledge is one of the largest individual donations ever to medical research. 

The pledge comes at a very opportune moment.  According to the Chronicle,

About one in four adults suffers from a mental disorder, and one in 17 people live with a serious mental illness like major depression, bipolar disorder, or schizophrenia, according to the National Institute on Mental Health. The World Health Organization estimates 450 million people worldwide suffer from such diseases.

One would think that such staggering statistics would lead state and national leaders to allocate more funds to addressing the needs of the mentally ill.  Not so, says the Chronicle.  Instead, 

. . . from 2009 to 2011, states cut more than $1.8-billion from their budgets for services helping children and adults who have mental illnesses, states the National Alliance on Mental Illness. Support for scientific research has dwindled, and what remains is difficult to obtain because of increased competition for scarce dollars.

This is a sad situation.  Like the Chronicle, I hope Mr. Stanley's gift will "spark a flurry of additional donations to mental-health causes."

VEJ

 

http://lawprofessors.typepad.com/nonprofit/2014/07/650-million-gift-to-study-genetics-of-psychiatric-disorders.html

Current Affairs, In the News | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef01a511e8d0fc970c

Listed below are links to weblogs that reference $650 Million Gift to Study Genetics of Psychiatric Disorders:

Comments

one in four sounds startling, and NIMH does not quite back that up
http://www.nimh.nih.gov/statistics/1ANYDIS_ADULT.shtml
more like one in five, and of course includes anything that meets DSM-IV, which is basically a list of stuff for which you can prescribe pharmaceuticals and maybe get insurance reimbursement

Posted by: russ willis | Jul 28, 2014 11:40:33 AM

Post a comment