HOUSTON – The Welch Foundation, one of the nation’s largest sources of private funding for basic research, has announced 2017 research grant funding of $9,720,000 in 42 grants to universities in Dallas-Fort Worth.
Statewide, the foundation’s grants total nearly $25 million allocated over the next three years, with annual payouts of $8,315,000.
Dallas-Fort Worth grants went to the University of Texas Southwestern Medical Center, the University of Texas at Dallas, the University of North Texas, Baylor University and the University of Texas at Arlington.
“Basic chemical research is investigative at its core and the building block of applied research,” Charles W. Tate, chair and director of The Welch Foundation board of directors, said in a news release. “Funding from The Welch Foundation has proven invaluable to the propulsion of research at Texas educational institutions and we look forward to the contributions of this year’s grant recipients.”
Since its inception in 1954, The Welch Foundation has contributed more than $819 million to the advancement of chemistry through research grants, departmental programs, endowed chairs and other special projects at educational institutions in Texas, the news release said.
Two other notable key initiatives of The Welch Foundation are the Robert A. Welch Award in Chemistry and the Norman Hackerman Award in Chemical Research.
The Welch Award recognizes individuals who have made important chemical research contributions which have a significant, positive influence on mankind. The recipient receives a gold medallion and $500,000.
The Hackerman Award recognizes the accomplishments of chemical scientists in Texas who are early in their careers. The current monetary amount of the award is $150,000.