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Michael J. Fox Foundation Surpasses $50-Million Brin Wojcicki Challenge
Publish date: Feb 27, 2013
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PR Newswire NEW YORK, Feb. 27, 2013 —
$53 million matched, positioning Foundation for continued impact; opportunity and need persist
in challenged research funding environment
—
NEW YORK, Feb. 27, 2013 /PRNewswire-USNewswire/ -- The Michael
J. Fox Foundation for Parkinson's Research (MJFF) announced that with the help of the Parkinson's community, it has completed
and surpassed the $50-million Brin Wojcicki Challenge. Longtime Foundation supporters Sergey Brin and Anne Wojcicki have matched more than $53
million in capacity-building gifts received by MJFF from January 1, 2011, to December
31, 2012. Mr. Brin and Ms. Wojcicki, the Foundation's largest donors for several years running, spearheaded the Challenge to spur
donors at every level to give, renew or increase giving to MJFF. Because of the enthusiasm and generosity of the Foundation's
community of donors, Challenge-eligible giving exceeded the original goal by about $3 million
— additional dollars that Mr. Brin and Ms. Wojcicki have agreed to match. "Anne and Sergey's friendship to our Foundation and to Parkinson's patients worldwide is awe-inspiring," said Michael
J. Fox. "As if a $50-million match weren't tremendous in its own right, they've gone
above and beyond their initial commitment to match the $3 million extra ponied up by our incredible
supporters. There's no doubt the Challenge has made our community stronger and more vibrant in its passionate pursuit of a
cure." Over the course of two years, the Challenge brought thousands of new contributors to MJFF. It also helped the Foundation
reactivate relationships with thousands of supporters who had given prior to 2010, and motivated over 4,000 to stretch their
giving in order to double the impact of their generosity. Mr. Brin is co-founder of Google. Ms. Wojcicki is co-founder of 23andMe, a personal genetics company. With the completion
of the Challenge, their personal giving to MJFF totals more than $157.5 million since 2004.
An opportune moment and an urgent need
Mr. Brin and Ms. Wojcicki chose an opportune moment in Parkinson's drug development to launch the Challenge. MJFF and most
of its research partners believe that the pipeline of new Parkinson's treatments is as robust as it has been in decades, if
not ever. Understanding of the factors underlying disease onset and progression is increasing, and insights from genetics
are opening new avenues for therapeutic development. In the midst of this promising activity, government and commercial sources
of research funding continue to dry up. Especially as more research approaches the clinic, where costs rise steeply, there
has never been a more important time or a greater need for the Parkinson's community to work together to ensure funding sufficient
to keep the most promising projects moving forward. At the outset of 2013, MJFF remains focused on: "Our Foundation's promise to Parkinson's patients is to work urgently to identify and fund the projects closest or most
critical to practical therapeutic relevance," said Todd Sherer, Ph.D., CEO of MJFF. "We're
grateful to our Challenge participants and our entire community of supporters for helping us continue to fulfill that promise."
About The Michael J. Fox Foundation for Parkinson's Research For more information, visit us at: SOURCE The Michael J. Fox Foundation for Parkinson's Research
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