Howard Hughes Medical Institute


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Howard Hughes Medical Institute
Founded1953; 67 years ago (1953)
FounderHoward Hughes
FocusBiological and Medical research and Science Education
Coordinates38°59′55″N 77°4′47″W / 38.99861°N 77.07972°W / 38.99861; -77.07972Coordinates: 38°59′55″N 77°4′47″W / 38.99861°N 77.07972°W / 38.99861; -77.07972
MethodLaboratories, Funding
Key people
Revenue (2017)
US$2.38 billion[1]
Expenses (2017)US$936.5 million[1]
EndowmentUS$22.6 billion[1]

The Howard Hughes Medical Institute (HHMI) is an American non-profit medical research organization based in Chevy Chase, Maryland.[2][3] It was founded in 1953, by Howard Hughes who was an American business magnate, investor, record-setting pilot, engineer,[4] film director, and philanthropist, who was 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. 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, making it the second-wealthiest philanthropic organization in the United States and the second-best endowed medical research foundation in the world.[5] HHMI is the former owner of the Hughes Aircraft Company - an American aerospace firm which was divested to various firms over time.

  1. ^ a b c "Howard Hughes Medical Institute" (PDF). Howard Hughes Medical Institute. 17 November 2017. Retrieved 7 June 2018.
  2. ^ "Chevy Chase CDP, Maryland Archived 2011-06-06 at the Wayback Machine." U.S. Census Bureau. Retrieved on March 12, 2010.
  3. ^ "Contact." Howard Hughes Medical Institute. Retrieved on March 12, 2010.
  4. ^ "Howard R. Hughes | Howard R. Hughes College of Engineering | University of Nevada, Las Vegas". Retrieved 2020-04-10.
  5. ^ Howard Hughes Medical Institute | 2013 Year in Review

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