RESEARCH TRIANGLE PARK, N.C. – In response to the deepening recession, the Burroughs Wellcome Fund has suspended grantmaking in all but two of its focus areas.
The funder will cease awarding competitive grants for fiscal year 2010, which begins this fall, John Burris, president of the foundation, says in a letter posted on the company’s website.
Burroughs will accept applications for grants from its two newest programs, the Preterm Birth Initiative and the Career Awards for Science and Mathematics Teachers in North Carolina.
“I regret that we will be unable to run a full schedule of grant activities this upcoming year,” Burris says. “But it is of utmost importance that we fulfill our existing grant obligations and preserve enough of our assets for future awards.”
In 2008, the funder notified its faculty-award recipients that, while their grants would be honored, payment would be extended over a longer period of time.