Howard Hughes Medical Investigators
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The Howard Hughes Medical Institute (HHMI) is an American
non-profit A nonprofit organization (NPO) or non-profit organisation, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in co ...
medical research Medical research (or biomedical research), also known as experimental medicine, encompasses a wide array of research, extending from "basic research" (also called ''bench science'' or ''bench research''), – involving fundamental scientif ...
organization based in
Chevy Chase Cornelius Crane "Chevy" Chase (; born October 8, 1943) is an American comedian, actor and writer. He became a key cast member in the first season of ''Saturday Night Live'', where his recurring ''Weekend Update'' segment became a staple of the ...
,
Maryland Maryland ( ) is a state in the Mid-Atlantic region of the United States. It shares borders with Virginia, West Virginia, and the District of Columbia to its south and west; Pennsylvania to its north; and Delaware and the Atlantic Ocean to ...
. It was founded in 1953 by
Howard Hughes Howard Robard Hughes Jr. (December 24, 1905 – April 5, 1976) was an American business magnate, record-setting pilot, engineer, film producer, and philanthropist, known during his lifetime as one of the most influential and richest people in th ...
, an American
business magnate A business magnate, also known as a tycoon, is a person who has achieved immense wealth through the ownership of multiple lines of enterprise. The term characteristically refers to a powerful entrepreneur or investor who controls, through perso ...
, investor, record-setting pilot, engineer, film director, and
philanthropist Philanthropy is a form of altruism that consists of "private initiatives, for the Public good (economics), public good, focusing on quality of life". Philanthropy contrasts with business initiatives, which are private initiatives for private goo ...
, known during his lifetime as one of the most financially successful individuals in the world. It is one of the largest private funding organizations for biological and medical research in the
United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...
. HHMI spends about $1 million per HHMI Investigator per year, which amounts to annual investment in biomedical research of about $825 million. The institute has an endowment of $22.6
billion Billion is a word for a large number, and it has two distinct definitions: *1,000,000,000, i.e. one thousand million, or (ten to the ninth power), as defined on the short scale. This is its only current meaning in English. * 1,000,000,000,000, i. ...
, making it the second-wealthiest
philanthropic Philanthropy is a form of altruism that consists of "private initiatives, for the public good, focusing on quality of life". Philanthropy contrasts with business initiatives, which are private initiatives for private good, focusing on material ...
organization in the United States and the second-best endowed medical research foundation in the world. HHMI is the former owner of the Hughes Aircraft Company – an American
aerospace Aerospace is a term used to collectively refer to the atmosphere and outer space. Aerospace activity is very diverse, with a multitude of commercial, industrial and military applications. Aerospace engineering consists of aeronautics and astrona ...
firm which was divested to various firms over time.


History

The institute was formed with the goal of basic research including trying to understand, in Hughes's words, "the genesis of life itself." Despite its principles, in the early days it was generally viewed as a tax haven for Hughes's huge personal fortune. Hughes was HHMI's sole trustee and he transferred his stock of
Hughes Aircraft The Hughes Aircraft Company was a major American aerospace and defense contractor founded on February 14, 1934 by Howard Hughes Howard Robard Hughes Jr. (December 24, 1905 – April 5, 1976) was an American business magnate, record-setting p ...
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 The Internal Revenue Service (IRS) is the revenue service for the United States federal government, which is responsible for collecting U.S. federal taxes and administering the Internal Revenue Code, the main body of the federal statutory ta ...
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 doing research at eight different institutions; however, it remained a modest enterprise for several decades. The institute was initially located in
Miami, Florida Miami ( ), officially the City of Miami, known as "the 305", "The Magic City", and "Gateway to the Americas", is a East Coast of the United States, coastal metropolis and the County seat, county seat of Miami-Dade County, Florida, Miami-Dade C ...
, in 1953. Hughes's internist,
Verne Mason Verne Rheem Mason (August 8, 1889 – November 16, 1965) was an eminent American internist and associate of Howard Hughes. Mason was chairman of the Howard Hughes Medical Institute's medical advisory committee. Early years Born at Wapello, Iowa, ...
, who treated Hughes after his 1946 plane crash, was chairman of the institute's medical advisory committee. By 1975, Hughes was sole trustee of the Howard Hughes Medical Institute, which in turn owned all the stock of the Hughes Aircraft Company. In 1969, Representative
Wright Patman John William Wright Patman (August 6, 1893 – March 7, 1976) was an American politician. First elected in 1928, Patman served 24 consecutive terms in the United States House of Representatives for Texas's 1st congressional district from 1929 to ...
"complained that the Hughes foundation was a tax‐evasion device," noting that the institute spent only $5.7 million for its operations between 1954 and 1961, a period during which Hughes Aircraft accumulated $76.9 million in profits. By 1975, it had also avoided certain stipulations of the 1969 reform act for charitable institutions due to legal filings by Hughes to change its operational status, with his objections going directly to the White House. The institute moved to
Coconut Grove, Florida Coconut Grove, also known colloquially as The Grove, is the oldest continuously inhabited neighborhood of Miami in Miami-Dade County, Florida. The neighborhood is roughly bound by North Prospect Drive to the south, LeJeune Road to the west, S ...
, in the mid-1970s and then to
Bethesda, Maryland Bethesda () is an unincorporated, census-designated place in southern Montgomery County, Maryland. It is located just northwest of Washington, D.C. It takes its name from a local church, the Bethesda Meeting House (1820, rebuilt 1849), which in ...
, in 1976. In 1993, the institute moved to its headquarters in Chevy Chase, Maryland. It was not until after Hughes's death in 1976 that the institute's profile increased from an annual budget of $4 million in 1975 to $15 million in 1978 and prior to Hughes Aircraft sale the number had peaked to $200 million per year. At the time of the sale Hughes Aircraft employed 75,000 people and vast amounts of money from the approximate annual revenue of $6 billion were put into Hughes Aircraft internal research and development rather than the medical institute. Most of the money for the medical institute came from the operations at Ground System Group responsible for providing Air Defense Systems to NATO,
Pacific Rim The Pacific Rim comprises the lands around the rim of the Pacific Ocean. The ''Pacific Basin'' includes the Pacific Rim and the islands in the Pacific Ocean. The Pacific Rim roughly overlaps with the geologic Pacific Ring of Fire. List of co ...
, and the
USA The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territori ...
. In this period it focused its mission on
genetics Genetics is the study of genes, genetic variation, and heredity in organisms.Hartl D, Jones E (2005) It is an important branch in biology because heredity is vital to organisms' evolution. Gregor Mendel, a Moravian Augustinian friar wor ...
,
immunology Immunology is a branch of medicineImmunology for Medical Students, Roderick Nairn, Matthew Helbert, Mosby, 2007 and biology that covers the medical study of immune systems in humans, animals, plants and sapient species. In such we can see there ...
, and
molecular biology Molecular biology is the branch of biology that seeks to understand the molecular basis of biological activity in and between cells, including biomolecular synthesis, modification, mechanisms, and interactions. The study of chemical and physi ...
. 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's fortune. In April 1984, a court appointed new trustees for the institute's holdings. In January 1985 the trustees announced they would sell Hughes Aircraft by private sale or public stock offering. On June 5, 1985
General Motors The General Motors Company (GM) is an American Multinational corporation, multinational Automotive industry, automotive manufacturing company headquartered in Detroit, Michigan, United States. It is the largest automaker in the United States and ...
(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 Ashburn is a census-designated place (CDP) in Loudoun County, Virginia, United States. At the 2010 United States Census, its population was 43,511, up from 3,393 twenty years earlier. It is northwest of Washington, D.C., and part of the Washingt ...
called
Janelia Research Campus Janelia Research Campus is a scientific research campus of the Howard Hughes Medical Institute that opened in October 2006. The campus is located in Loudoun County, Virginia, near the town of Ashburn. It is known for its scientific research and m ...
in October 2006. It is modeled after AT&T's Bell Labs and the Medical Research Council's Laboratory of
Molecular Biology Molecular biology is the branch of biology that seeks to understand the molecular basis of biological activity in and between cells, including biomolecular synthesis, modification, mechanisms, and interactions. The study of chemical and physi ...
. With a main laboratory building nearly long, it contains of enclosed space, used primarily for research. The campus also features apartments for visiting researchers. In 2007, HHMI and the publisher
Elsevier Elsevier () is a Dutch academic publishing company specializing in scientific, technical, and medical content. Its products include journals such as ''The Lancet'', ''Cell'', the ScienceDirect collection of electronic journals, '' Trends'', th ...
announced 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 Robert Tjian (; born 1949) is a Hong Kong-born American biochemist best known for his work on eukaryotic transcription. He is currently Professor of Biochemistry and Molecular Biology at the University of California, Berkeley and an Investigator ...
as the new president of HHMI. In 2009, HHMI awarded fifty researchers, as part of the HHMI Early Career Scientist Competition. In 2014, the institute created a new round of its primary award competition, for a total of $150 million in award money from 2015 to 2012. The institute is expanding the Ashburn campus in 2019. In 2016, the HHMI Trustees selected Erin K. O'Shea, a previous Vice President and Chief Scientific Officer at the institute, the new president of HHMI.


Assets

the Howard Hughes Medical Institute had assets of $22,588,928,000.


Funding details

Funding details :


See also

*
List of wealthiest foundations This is a list of wealthiest charitable foundations worldwide. It consists of the 45 largest charitable foundations, private foundations engaged in philanthropy, and other charitable organizations such as charitable trusts that have disclosed the ...


References and notes


External links

*
''60 Minutes'' news feature "Howard Hughes: Patron Of Science?"
{{authority control Chevy Chase, Maryland Medical research institutes in Maryland Howard Hughes Biomedical research foundations Medical and health foundations in the United States Organizations established in 1953 1953 establishments in Maryland Biotechnology organizations