Funding Biomedical Research Programs Contributions of the Markey Trust (2006) / Chapter Skim
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History of the Markey Trust
History of the Markey Trust
Pages 9-13
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From page 9... ...
Under typical oil lease arrangements, the lessor -- in this case Gulf Oil Company -- paid all costs and received seven-eighths of the proceeds, while the property owner received one 2The History of the Markey Trust is largely a duplicate of the same section that appeared in Bridging the Bed-Bench Gap: Contributions of the Markey Trust. The committee wants each of the five reports produced in this evaluation to exist independently; consequently some sections are repeated in each report.
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From page 10... ...
Markey asked Louis Hector, her attorney, to explore whether something more specific could be identified to guide the work of the charity. Hector visited the Robert Wood Johnson Foundation, which was established in 1972 as a national philanthropy devoted to improving the health and health care of all Americans, and the Rockefeller University, which focuses on medical research, to learn more of their activities.
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From page 11... ...
. She subsequently gave a number of gifts totaling $5.25 million to the Ephraim McDowell Research Foundation to build a cancer center at the University of Kentucky.
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From page 12... ...
Kaiser Family Foundation and dean of the University of Colorado Medical School and Stanford University School of Medicine. The structure and the function of the Markey Trust were guided from its inception by Louis Hector's vision of supporting and encouraging basic medical research.
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From page 13... ...
In 1985, most Trust activity ceased because of complicated litigation involving the pricing of natural gas. The litigation involved the Federal Energy Regulatory Commission, the California Public Service Commission, and a number of major oil and gas companies.
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