The Woods Hole Oceanographic Institution (WHOI) announced that the Grossman Family Foundation has bestowed a US$10 million/~€9.1 million gift to the ocean research organization.
The gift is designed to establish the Grossman Catalyst Fund, which aims to provide funding for innovative technology and research projects.
The Grossman Catalyst Fund will be a seed funding program that helps spur and drive forward cutting-edge projects.
Commenting about the gift, WHOI Director Peter de Menocal stated:
“This extraordinary gift from the Grossman Family Foundation will drive discovery and empower WHOI to push the boundaries of ocean science. By supporting the early stages of scientific discovery and providing urgently needed resources to explore new ideas, the Grossman Catalyst Fund will enable our researchers to tackle some of the most pressing concerns affecting our oceans today, and to do so in a way that helps WHOI build momentum and advance the institution’s long-term financial health.”
While Grossman Family Foundation Board of Trustees Chair of Steven Grossman stated:
“We are thrilled to support WHOI in its mission to advance ocean science. Our family is passionate about the ocean and the potential for innovation in oceanographic research to unlock new possibilities and new sources of support. We hope the Grossman Catalyst Fund will have a transformative impact on the field and at WHOI.”
