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By Tom Watson on April 11, 2007No Comment

Healthcare Sector Growth


Healthcare Subsector

The Role of Philanthropy on Research

  • In 1940,an estimated $45 million was spent on biomedical research, of which $3 million was from the Federal government and about $15 million was from philanthropy.
  • Today the Federal government’s biomedical research funding of some $30 billion is greater than the combined grant budgets of all foundations for all sectors.
  • A decade ago, research received 22% of health care philanthropy; the current estimate is 8%.


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