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The Broads made a founding gift of $100 million and the Broad Institute was formally launched in May 2004. In November 2005, the Broads announced an additional $100 million gift to the institute.[5] On September 4, 2008, the Broads announced an endowment of $400 million to make the Broad Institute a permanent establishment.[6] In November 2013, they invested an additional $100 million to fund a second decade of research at the institute.[7]
During the COVID-19 pandemic in the United States, the Broad Institute ran laboratory tests for the virus for about 100 colleges and universities in the northeastern U.S.[8] |