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Volume 11, No. 1, Spring/Winter 01 | Return to Table of Contents
Starr Foundation Gives $1.4 Million for Environmental Sciences Building
 The Marine Biological Laboratory has received a grant of $1.4 million from the Starr Foundation of New York in support of the Laboratory’s new Environmental Sciences Building, which is currently under construction on Albatross Street. To date the Starr Foundation has contributed a total of $2.4 million in support of this project and the Semester in Environmental Science. In recognition of the Foundation’s significant contributions, the MBL will name the new facility the C.V. Starr Environmental Sciences Building. Construction is scheduled to be completed this spring.
“Building a modern research facility to accommodate the dynamic scientific and eduational activities of the MBL’s Ecosystems Center has been one of the top priorities of the Laboratory’s Discovery Campaign,” explains Dr. William T. Speck, the MBL’s Interim Director. “We are grateful to the Starr Foundation for this generous gift, which has enabled the Laboratory to meet this important goal.” As of early December, the Discovery Campaign had surpassed $37 million.
The Starr Foundation was established in 1955 by Cornelius Vander Starr, an insurance entrepreneur who founded the American International Group of Companies in Shanghai in 1919 (now American International Group, NYSE: AIG).
The total cost for the new building is $9 million, including an endowed maintenance fund of $1 million. This grant from the Starr Foundation brings the total in private support for the new building to $5.6 million. The Campaign is now striving to raise additional funds to further reduce or eliminate the balance of the cost, which has been financed. |
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