Attracting the world’s top scientists to work at UT Southwestern’s Children’s Medical Center Research Institute in Dallas was a big reason the Moody Foundation gave a whopping, $12 million gift to Children’s Health to establish a prestigious faculty scholar program there.
The foundation’s one-of-a-kind commitment provides for an immediate, $5 million gift to create a new Robert L. Moody Sr. Faculty Scholar Endowment, which will support the research of a leading scientist at the institute. The first Robert L. Moody Sr. Faculty Scholar will be Dr. Ralph DeBerardinis, director of the institute’s Genetic and Metabolic Disease program.
The foundation also will fund world-class medical research at the institute for at least 10 years, with a distribution of $700,000 or more annually.
“Given the established track records of these scientists for finding the pathways to medical breakthroughs, the Moody investment will benefit countless generations yet to come, especially in our relentless pursuit of the discovery of tomorrow’s treatments,” Christopher Durovich, president and CEO of Children’s Health, said in a statement.
The Moody Foundation, founded in 1942 by William L. Moody Jr. and his wife, Libbie Shearn Moody, has donated more than $1.4 billion in grants in Texas over the years. It’s now led by three Moody descendants: Frances Moody-Dahlberg, Ross R. Moody, and Elizabeth Moody.