Welcome!

News Feed Item

Benefunder To Launch New Funding Channel For Higher Education Research

More than 100 UC San Diego researchers will be involved in a two-year pilot program

SAN DIEGO, Aug. 14, 2014 /PRNewswire-USNewswire/ -- Benefunder, a San Diego-based philanthropic research funding platform for higher education institutions, and the University of California, San Diego, recognized as one of the top 15 research universities worldwide, have signed a Memorandum of Understanding (MOU) to embark on a two-year pilot program. The long-term goal of the partnership between UC San Diego and Benefunder is to allow junior and senior faculty in diverse disciplines to create funding relationships with private supporters from across the country, and generate one-time and recurring donations to fund their work and vision.

Benefunder Launches New Funding Platform for Research

The mission of Benefunder, which is pending status as a 501(c)(3) nonprofit organization, is to reduce the innovation deficit by directing more philanthropic funding towards research and innovation at leading universities. This deficit comes as a result of stagnant or reduced government funding for academic research.

Benefunder's new platform intends to increase the share of philanthropic funding that gets channeled to research. Last year, total U.S. charitable giving topped $335 billion; nearly 87 percent of that came from individuals, bequests and family foundations according to Giving USA. Benefunder targets major sources, including wealth management firms, private foundations, family offices for high net worth individuals and corporations into academic research, matching each donor with research that matters to them. The organization has established an online portal at Benefunder.org that enables donors to find, fund and follow researchers' progress updates, findings, new ideas and other information.

"People and businesses make donations every year to causes and issues they care about," says Sandra A. Brown, vice chancellor for research at UC San Diego. "Our researchers work on some of the most critical issues facing the world today. Benefunder is a way for donations to have a direct and powerful effect—to help understand and solve problems and enhance the quality of lives around the world. The hope is that working together we will actively expand funding opportunities for our researchers through new engagements."

Benefunder's CEO, Christian Braemer, adds, "Benefunder will be working with both Dr. Brown and the Office of Research Affairs at UC San Diego to on-board researchers in all areas of research including medical, technology, engineering, environmental sciences, social sciences, the arts and more to ensure this program's success."

Braemer notes that available causes will range from exploratory phases through basic and applied to research nearing commercialization, including cross disciplinary areas that are often overlooked by traditional funding sources.

In addition to this research, Benefunder will also be creating a profile for donors to directly contribute to causes like the Chancellors Associates Scholars program, various centers and other high level priorities.

"There is an enormous untapped opportunity to engage wealth management firms and family offices in research giving," believes Braemer. "Benefunder fosters one-time and long-term relationships between researchers and donors based on a mutual interest, intellectual pursuit or social cause. Moreover, the platform primarily focuses on new funding sources, and will directly integrate with these sources to channel donations to UC San Diego."

The organization's business model is designed to create a long-term donation pipeline that matches potential donors to research that interests them, giving UC San Diego researchers a wider reach and more diversified sources of funding in the future.

Researcher Ralph Greenspan, who leads The Center for Brain Activity Mapping at UC San Diego, has joined the pilot program. "Benefunder represents an innovative answer to an increasingly pressing need in research: support for fundamental, basic science," he says. "It is well demonstrated that the most far-reaching and momentous advances in technologies and therapies come from the most fundamental breakthroughs in basic science, whose applications then become apparent. That valuable source of discoveries has been all but choked off.  Benefunder offers a viable path to reopening it."

ABOUT BENEFUNDER
Benefunder is a new philanthropic platform that channels funds from private wealth management firms, corporate donors and (family) foundations into academic research, with minimal overhead and maximal transparency. Benefunder helps donors to find, fund, and follow the research that matters to them, by matching them with the right researchers. It provides researchers with a new opportunity to create lasting relationships with suitable patrons from across the country and generate recurring donations to fund their work and vision. Learn more at benefunder.org.

ABOUT UC SAN DIEGO
The University of California, San Diego is a student-centered, research-focused, service-oriented public institution that provides opportunity for all. Recognized as one of the top 15 research universities worldwide, a culture of collaboration sparks discoveries that advance society and drive economic impact. Our students, who learn from Nobel laureates, MacArthur fellows and National Academy members, are committed to public service. For the fourth consecutive year, UC San Diego has been ranked first in the nation based on research, civic engagement and social mobility. We are one campus with multiple pillars of excellence, a top ten public university that is transforming lives, shaping new disciplines and advancing the frontiers of knowledge.  Learn more at www.ucsd.edu.

Media contact: Christian Braemer, [email protected], 858-215-1136

Photo - http://photos.prnewswire.com/prnh/20140814/136381

SOURCE Benefunder

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Regardless of what business you’re in, it’s increasingly a software-driven business. Consumers’ rising expectations for connected digital and physical experiences are driving what some are calling the "Customer Experience Challenge.” In his session at @DevOpsSummit at 20th Cloud Expo, Marco Morales, Director of Global Solutions at CollabNet, will discuss how organizations are increasingly adopting a discipline of Value Stream Mapping to ensure that the software they are producing is poised to ...
IBM helps FinTechs and financial services companies build and monetize cognitive-enabled financial services apps quickly and at scale. Hosted on IBM Bluemix, IBM’s platform builds in customer insights, regulatory compliance analytics and security to help reduce development time and testing. In his session at 20th Cloud Expo, Tom Eck, Industry Platforms CTO at IBM Cloud, will discuss how these tools simplify the time-consuming tasks of selection, mapping and data integration, allowing developer...
In order to meet the rapidly changing demands of today’s customers, companies are continually forced to redefine their business strategies in order to meet these needs, stay relevant and continue to see profitable growth. IoT deployment and development is integral in this transformation, and today businesses are increasingly seeing the value of investing their resources into IoT deployments. These technologies are able increase ROI through projects such as connecting supply chains or enabling sm...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
For financial firms, the cloud is going to increasingly become a crucial part of dealing with customers over the next five years and beyond, particularly with the growing use and acceptance of virtual currencies. There are new data storage paradigms on the horizon that will deliver secure solutions for storing and moving sensitive financial data around the world without touching terrestrial networks. In his session at 20th Cloud Expo, Cliff Beek, President of Cloud Constellation Corporation, w...
SYS-CON Events announced today that Outscale, a global pure play Infrastructure as a Service provider and strategic partner of Dassault Systèmes, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2010, Outscale simplifies infrastructure complexities and boosts the business agility of its customers. Outscale delivers a secure, reliable and industrial strength solution for its customers, which in...
Cloud applications are seeing a deluge of requests to support the exploding advanced analytics market. “Open analytics” is the emerging strategy to deliver that data through an open data access layer, in the cloud, to be directly consumed by external analytics tools and popular programming languages. An increasing number of data engineers and data scientists use a variety of platforms and advanced analytics languages such as SAS, R, Python and Java, as well as frameworks such as Hadoop and Spark...
In his session at 20th Cloud Expo, Brad Winett, Senior Technologist for DDN Storage, will present several current, end-user environments that are using object storage at scale for cloud deployments including private cloud and cloud providers. Details on the top considerations of features and functions for selecting object storage will be included. Brad will also touch on recent developments in tiering technologies that deliver single solution and an end-user view of data across files and objects...
SYS-CON Events announced today that Progress, a global leader in application development, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Enterprises today are rapidly adopting the cloud, while continuing to retain business-critical/sensitive data inside the firewall. This is creating two separate data silos – one inside the firewall and the other outside the firewall. Cloud ISVs ofte...
SYS-CON Events announced today that Tintri, Inc, a leading provider of enterprise cloud infrastructure, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Tintri offers an enterprise cloud platform built with public cloud-like web services and RESTful APIs. Organizations use Tintri all-flash storage with scale-out and automation as a foundation for their own clouds – to build agile development environments...
SYS-CON Events announced today that DivvyCloud will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. DivvyCloud software enables organizations to achieve their cloud computing goals by simplifying and automating security, compliance and cost optimization of public and private cloud infrastructure. Using DivvyCloud, customers can leverage programmatic Bots to identify and remediate common cloud problems in rea...
In his opening keynote at 20th Cloud Expo, Michael Maximilien, Research Scientist, Architect, and Engineer at IBM, will motivate why realizing the full potential of the cloud and social data requires artificial intelligence. By mixing Cloud Foundry and the rich set of Watson services, IBM's Bluemix is the best cloud operating system for enterprises today, providing rapid development and deployment of applications that can take advantage of the rich catalog of Watson services to help drive insigh...
While some vendors scramble to create and sell you a fancy solution for monitoring your spanking new Amazon Lambdas, hear how you can do it on the cheap using just built-in Java APIs yourself. By exploiting a little-known fact that Lambdas aren’t exactly single threaded, you can effectively identify hot spots in your serverless code. In his session at 20th Cloud Expo, David Martin, Principal Product Owner at CA Technologies, will give a live demonstration and code walkthrough, showing how to ov...
The 21st International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Machine Learning and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding busin...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...