Howard Hughes Medical Institute - History

History

Initially, the institute was formed with the stated goal of basic research including trying to understand, in Hughes' words, "the genesis of life itself." Despite its principles, in the early days it was generally viewed as largely a tax haven for Hughes' huge personal fortune. Hughes was the sole trustee of HHMI and transferred all his stock of Hughes Aircraft to the institute, in effect turning the large defense contractor into a tax-exempt charity. For many years the Institute grappled with maintaining its non-profit status; the Internal Revenue Service challenged its "charitable" status which made it tax exempt. Partly in response to such claims, starting in the late 1950s it began funding 47 investigators researching at eight different institutions; however, it remained a modest enterprise for several decades. The institute was initially located in Miami, Florida in 1953. In the mid-1970s it moved to Coconut Grove, Florida, and then in 1986 it moved to its current location in Bethesda, Maryland. Hughes' internist, Dr. Verne Mason, who treated Hughes after his 1946 plane crash, was chairman of the institute's medical advisory committee.

It was not until after Hughes' death in 1976 that the Institute's profile increased from an annual budget of $4 million in 1975 to $15 million by 1978. In this period it focused its mission on genetics, immunology and the rapidly growing field of molecular biology. Since Hughes died without a will as the sole trustee of the HHMI, the Institute was involved in lengthy court proceedings to determine whether it would benefit from Hughes' fortune. In April 1984, a court appointed new trustees for the institute's holdings. (The original trustees were: Helen K. Copley, Donald S. Frederickson, M.D., Frank William Gay, James H. Gilliam, Jr., Esq., Hanna H. Gray, Ph.D., William R. Lummis, Esq., Irving S. Shapiro, Esq., George W. Thorn, M.D.). In January 1985 the trustees announced they would sell Hughes Aircraft either by private sale or public stock offering. On June 5, 1985 General Motors (GM) was announced as the winner of a secretive five month, sealed-bid auction. The purchase was completed on December 20, 1985 for an estimated $5.2 billion, $2.7 billion in cash and the rest in 50 million shares of GM Class H stock. The proceeds caused the institute to grow dramatically.

HHMI completed the building of a new research campus in Ashburn, Virginia called Janelia Farm Research Campus in October 2006. It is modeled after AT&T's Bell Labs and the Medical Research Council's Laboratory of Molecular Biology. With a main laboratory building nearly 1,000 feet (300 m) long, it contains 760,000 square feet (71,000 m2) of enclosed space, used primarily for research. The campus also features apartments for visiting researchers.

In 2007, HHMI and the publisher Elsevier announced that they have established an agreement to make author manuscripts of HHMI research articles published in Elsevier and Cell Press journals publicly available six months following final publication. The agreement takes effect for articles published after September 1, 2007. In 2008, the Trustees of the Howard Hughes Medical Institute selected Robert Tjian as the new president of HHMI. In 2009, HHMI awarded 50 researchers, as part of the HHMI Early Career Scientist Competition.

Read more about this topic:  Howard Hughes Medical Institute

Famous quotes containing the word history:

    You that would judge me do not judge alone
    This book or that, come to this hallowed place
    Where my friends’ portraits hang and look thereon;
    Ireland’s history in their lineaments trace;
    Think where man’s glory most begins and ends
    And say my glory was I had such friends.
    William Butler Yeats (1865–1939)

    Psychology keeps trying to vindicate human nature. History keeps undermining the effort.
    Mason Cooley (b. 1927)

    Literary works cannot be taken over like factories, or literary forms of expression like industrial methods. Realist writing, of which history offers many widely varying examples, is likewise conditioned by the question of how, when and for what class it is made use of.
    Bertolt Brecht (1898–1956)