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
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
As the world moves toward more DevOps and Microservices, application deployment to the cloud ought to become a lot simpler. The Microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. Serverless computing is revolutionizing computing. In his session at 19th Cloud Expo, Raghav...
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business in 2016. However, IoT is far more complex than most firms expected. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, a renowned visionary and thought leader, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology and business models to adopt and leverage IoT. He will drill down to the components in this fra...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, wil...
Enterprises have forever faced challenges surrounding the sharing of their intellectual property. Emerging cloud adoption has made it more compelling for enterprises to digitize their content, making them available over a wide variety of devices across the Internet. In his session at 19th Cloud Expo, Santosh Ahuja, Director of Architecture at Impiger Technologies, will introduce various mechanisms provided by cloud service providers today to manage and share digital content in a secure manner....
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
SYS-CON Events announced today Telecom Reseller has been named “Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better. The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...