Private donors give $100 million to stem cell research

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Nearly three years ago California voters approved a $3 billion bond for embryonic stem cell research. Yet state dollars are tied up in lawsuits bolstered by the religious right (more on the lawsuits and other states’ efforts to fund research on new stem cell lines here).

Today the Wall Street Journal reports that private donors have contributed more than $100 million to the state’s new stem-cell research agency, the California Institute for Regenerative Medicine, as well as to research programs at state universities.

Donors include Ray Dolby, of Dolby Laboratories Inc., who has given $21 million and Eli Broad, real estate magnate and philanthropist, who has given at least $27 million. Venture capitalist John Doerr, bond-fund manager Bill Gross, and Qualcomm Inc. founder Irwin Jacobs have also been major contributors.

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We'll also be quite transparent and level-headed with you about this.

In "News Never Pays," our fearless CEO, Monika Bauerlein, connects the dots on several concerning media trends that, taken together, expose the fallacy behind the tragic state of journalism right now: That the marketplace will take care of providing the free and independent press citizens in a democracy need, and the Next New Thing to invest millions in will fix the problem. Bottom line: Journalism that serves the people needs the support of the people. That's the Next New Thing.

And it's what MoJo and our community of readers have been doing for 47 years now.

But staying afloat is harder than ever.

In "This Is Not a Crisis. It's The New Normal," we explain, as matter-of-factly as we can, what exactly our finances look like, why this moment is particularly urgent, and how we can best communicate that without screaming OMG PLEASE HELP over and over. We also touch on our history and how our nonprofit model makes Mother Jones different than most of the news out there: Letting us go deep, focus on underreported beats, and bring unique perspectives to the day's news.

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