The Conrad Prebys Foundation / May 29, 2025
As federal funding for medical and life sciences research faces deep and destabilizing cuts, Prebys Foundation is stepping in with a rapid response package totaling $7 million to defend San Diego’s biomedical research sector?—?one of the world’s leading innovation hubs.
Federal grants have historically provided nearly half of all medical research funding in the United States. This support has enabled transformative advances in drug discovery, fueled job growth, and secured America’s position as a global leader in the life sciences.
In San Diego, the impact has been profound, home to internationally renowned research institutes, universities, and biotech startups that together make up a biomedical ecosystem unlike any other in the country.
Executive orders and steep reductions in federal research investment are threatening critical local initiatives, halting active projects, and forcing early- and mid-career scientists to look abroad or leave the field altogether. Without swift and targeted action, the region risks an exodus of talent and a slowdown in the medical breakthroughs that improve lives and drive the economy.
“San Diego’s biomedical research institutions aren’t just world-class in reputation?—?they deliver real impact by tackling urgent problems and advancing the treatments and cures the world needs,” said Grant Oliphant, CEO of the Prebys Foundation. ?“While we can’t match the scale of federal investment, we can respond with urgency to help prevent the loss of extraordinary talent and critical momentum. This is a defining moment, and philanthropy must rise to meet it.”
To address the immediate need, Prebys Foundation is awarding $1 million grants to seven anchor institutions: La Jolla Institute for Immunology, Rady Children’s Hospital Foundation, Salk Institute for Biological Studies, San Diego State University, Sanford Burnham Prebys Medical Discovery Institute, Scripps Research, University of California San Diego.
The grants will provide general operating support aimed at retaining early and mid-career scientists at risk of being lost to the field, as well as supporting key research programs.
“This is not just about science?—?it’s about our economy, our global leadership, and the health of future generations,” said Oliphant. ?“This funding was an emergency allocation above and beyond our planned giving for the year. We urge other funders and stakeholders to join us in going above traditional spending allocations to help preserve the excellence and impact of San Diego’s life sciences community.”
Conrad Prebys continues to profit from misery, making his fortune from Blackstone, one of largest Real Estate Investment Trusts on Wall Street that hoarding profits from the most from the politico-corporate monopolization housing. Conrad Prebys is the primary driver of the misery of homelessness and perpetuates the exponentially growing wealth gap.
So disappointed in the OB Rag, What possesses the Rag to anoint this man by republishing his own self adulating PR from his own foundation?