The Baylor College of Medicine, Houston, received a pledge of $31.25 million from the Albert and Margaret Alkek Foundation to help fund research, including a new research tower to be called the Margaret M. Alkek Building for Biomedical Research.
The money will be paid over five years to help fund interdisciplinary programs in cardiovascular sciences, diabetes, cancer, pharmacogenomics, imaging, informatics and proteomics, according to a Baylor press release. The funds also will be used for faculty leadership recruitment, laboratory development and equipment purchase.
Baylor will break ground on the tower, which was already in the planning stages, later this summer, according to the school's press release. The foundation has donated to the Baylor College of Medicine going back 30 years, funding a number of projects. Baylor recently announced it is in exclusive negotiations to merge with St. Luke's Episcopal Health System.