Thursday, May 3, 2007

Behind The Curtain: Lilly Discloses Grants

In a long overdue move, Lilly today will release a report detailing the grant money given to non-profit groups and educational institutions. In this year's first quarter, for instance, the drugmaker gave $11.8 million to universities, foundations devoted to disease research and awareness, and companies that are in the continuing education business.

For instance, the largest single grant was $825,000 to Massachusetts General Hospital's psychiatry department for a year-long educational program with more than 150,000 registrants. And the National Alliance for the Mentally Ill, an advocacy group for patients, received $544,500. Of that, $450,000 went to fund a project called "Campaign for the Mind of America."

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