Howard Hughes Medical Institute

The Howard Hughes Medical Institute (HHMI) is an American non-profit medical research organization based in Chevy Chase, Maryland."Chevy Chase CDP, Maryland ." U.S. Census Bureau. Retrieved on March 12, 2010."Contact." Howard Hughes Medical Institute. Retrieved on March 12, 2010. 

It was founded in 1953, by Howard Hughes.

Hughes was an American film director, businessman, investor, pilot, engineer,  and philanthropist. He was one of the most financially successful people in the world. 

The Institute is one of the largest private funding organizations for biological and medical research in the United States. HHMI spends each year biomedical research of about $825 million.

The institute has an endowment of $22.6 billion, making it the second-wealthiest philanthropic organization in the United States and the second-best endowed medical research foundation in the world.Howard Hughes Medical Institute | 2013 Year in Review  HHMI sold the Hughes Aircraft Company.

 References 

Category:Medical and health organizations in the United States
Category:Research organizations in the United States
Category:1953 establishments in the United States