Savings And Investments

Morgridge gift enables phase one of Institute for Discovery

Building Seminar Wealth By Jason Stitt • 04/03/06 Madison, Wis. The planned Wisconsin Institute for Discovery has drawn the largest individual gift yet to the University of Wisconsin-Madison: $50 million from John and Tashia Morgridge.

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Building Creating Wealth The gift was matched by $50 million from the Wisconsin Alumni Research Foundation, and the State Building Commission has approved $50 million from the state as well, officials announced on Monday.

Building Tip Wealth John Morgridge, chairman of the board of Cisco Systems and a UW-Madison alumnus, said in a release that he wanted to extend the Wisconsin Idea and that "the possibilities are endless." Tashia Morgridge, who also got her degree at UW-Madison and went on to teach in special education, said the institute would support not only research but outreach to K-12 programs.

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Building Future Managed Wealth Altogether, there's enough funding to start construction of the first phase of the planned $375 million institute in December 2007. Final approval is still needed from the UW Board of Regents and the Building Commission in April. The gifts are contingent on the Building Commission naming WARF as the project developer and approving a land swap with the university, according to WARF managing director Carl Gulbrandsen.

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Building Financial Wealth As originally planned, the Institute for Discovery will be part public, part private, potentially allowing research for which government funding is restricted, such as stem-cell studies. The private half will be named the Morgridge Institute for Research.

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Building Rule Wealth WARF will solicit research proposals for a seed grant program before the facility is built.

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