Broad Institute

The Broad Institute is a collaborative research institution of Harvard University and the Massachusetts Institute of Technology (MIT) that focuses on genomic research, the analysis of how genes interact to contribute to traits and diseases. 1 It is chaired by former Google executive chairman Eric Schmidt and largely funded by Eli and Edythe Broad. 2 3

At-A-Glance

Issue Areas: Healthcare Policy
Website: c4ads.org
Formation:

2004

Director:

Todd Golub

Location: Cambridge, MA View on map
Tax ID: 26-3428781
Most Recent Filing: 2023
Budget (2023): Assets: $2,674,332,180 Revenue: $860,350,571 Expenses: $730,483,898

Contents

    Background

    The Broad Institute (sometimes referred to as the Eli and Edythe Broad Institute of MIT and Harvard) has its roots in collaborations starting in the 1990s between scientists working with the Massachusetts Institute of Technology and Harvard University. Generally, these collaborations were facilitated by two of the Broad Institute’s predecessor institutions: the Whitehead Institute (also known as the MIT Center for Genome Research) and the Harvard University Medical School-based Institute of Chemistry and Cell Biology. 3

    From 2002 through 2003, these latter two institutes began discussions about forming a new joint institute to facilitate the research that had been the subject of their collaborations. In May 2004, with funding from Eli and Edythe Broad, the Broad Institute was formally launched and, in the years following continued to receive significant grants from the Broads, permanently endowing the institute. 3

    In February 2009, the institute was established as an independent tax-exempt 501(c)(3) nonprofit organization under the name “Broad Institute Inc.” with an address in Cambridge, Massachusetts. 4

    Activities

    The Broad Institute was founded in the wake of the completion of the Human Genome Project, in which many Broad Institute-affiliated researchers had participated and generally the organization’s work focuses on projects related to genomic medicine. For instance, the organization’s researchers use genomic studies to identify the root causes of diseases, use gene editing to create new disease models, and develop diagnostic tools and treatments. 5

    Funding

    In 2003, the Broad Institute received an initial grant from Eli and Edythe Broad of $100 million, which in the wake of its formal launch was later doubled to $200 million. Less than four years after its launch in September 2008, the Broads gave another $400 million to the organizations to permanently endow the institute. Later in 2013, the Broads committed an additional $100 million to the institute. 3

    Partners

    As of 2025, the partner institutions of the Broad Institute include MIT, Harvard University, Harvard Medical School, Beth Israel Deaconess Medical Center, Boston Children’s Hospital, Brigham and Women’s Hospital, Dana-Farber Cancer Institute, and Massachusetts General Hospital. 6

    Leadership

    Todd Golub is the director of the Broad Institute as well as a faculty member of the Dana-Farber Cancer Institute and Harvard Medical School, and a member of the board of trustees of the Boston Symphony Orchestra. Previously, he was the leader of cancer genomics at the Whitehead Institute/MIT Center for Genome Research, an investigator with the Howard Hughes Medical Institute, and a member of the scientific advisory boards of organizations including St. Jude Children’s Research Hospital, the Ontario Institute for Cancer Research, the Sanford Burnham Prebys Medical Discovery Institute, and the National Cancer Institute. 7

    Eric Lander is the founding director and a “core institute member” of the Broad Institute. Previously, he was a principal leader of the international Human Genome Project, co-chair of President Barack Obama’s Council of Advisors on Science and Technology, President Joe Biden’s science advisor, director of the White House Office of Science and Technology Policy, and the founder of Science for America. 8

    Catherine Breen is the chief of staff and executive director of strategic initiatives at the Broad Institute. Previously, she was the managing director of the Office of the Vice Provost for Advances in Learning at Harvard University, chief operating officer for Ariadne Labs, senior director of the office for sponsored programs at Harvard, interim dean for administration in the Harvard faculty of Arts and Sciences, chief of staff to the executive vice president of Harvard, and administrative director for the Harvard Chan School’s PEPFAR program. 9

    Michael Christiano is the chief business officer of the Broad Institute. Previously, he was the founding management team member and chief business officer of Tmunity Therapeutics, vice president and head of transactions in global business development and licensing at Novartis AG, and co-founder of Karyopharm Therapeutics. 10

    Priya McCue is the chief development officer of the Broad Institute. Previously, she was the chief development officer of the Woods Hole Oceanographic Institution and a member of the development team at the Dana-Farber Cancer Institute. 11

    Dan Shore is the chief operating officer of the Broad Institute. Previously, he was the integration lead at Brandwatch, SVP and CFO of Crimson Hexagon, CFO of Onshape, CFO of Harvard University, director of the Office of Budgets and Financial Planning at Harvard, a consultant at McKinsey and Company, and a corporate attorney at Nutter, McClennen, and Fish. 12

    Eric Schmidt, an American businessman and philanthropist with an interest in left-of-center public policy advocacy, is the chair of the Broad Institute’s board of directors as well a board member of the Mayo Clinic, co-founder of Schmidt Futures, and the host of the Reimagine with Eric Schmidt podcast. Previously, he was the executive chairman of Google and later worked in a similar position with its parent company Alphabet. 2

    Financial Statistics

    Total Assets

    Total Revenue

    Total Expenses

    YearTotal AssetsTotal RevenueTotal ExpensesFiling
    2023 $2,674,332,180 $860,350,571 $730,483,898 View
    2022 $2,728,165,745 $1,051,116,110 $826,345,984 View
    2021 $2,626,387,661 $1,335,739,561 $861,969,125 View
    2020 $1,666,576,375 $586,860,976 $521,492,487 View
    2019 $1,573,269,113 $536,846,609 $507,857,066 View

    Prior year filings: 2018, 2017, 2016, 2015, 2014, 2013, 2012, 2011

    Revenue Detail

    Expenses Detail

    Employee Compensation

    • Number of Employees: 2729

    Highest Earning Employees

    EmployeeTitleTotal Compensation
    Todd GolubINSTITUTE DIRECTOR$874,632
    Stacey GabrielCHIEF GENOMICS OFFICER$725,324
    Jesse SouweineCHIEF OPERATING OFFICER$668,565
    Morgan ShengCORE INSTITUTE MEMBER$649,127
    Dan ShoreCFO/TREASURER$499,299
    Heather JankinsSEE SCHEDULE O$498,498
    Michael ChristianoCHIEF BUSINESS OFFICER$494,584
    Niall LennonSR DIR TRANSLATIONAL GENOMICS$491,504
    Sheila DodgeSR. DIRECTOR GP OPERATIONS$486,369
    Wanda CordovaSEE SCHEDULE O$317,056
    Corrina L HaleSR. COUNSEL/CLERK (BEG 10/22)$276,104
    Laurie PessahBOD ADMIN/ASSISTANT CLERK$208,520

    Grant Activity

    All-time grants received statistics from Candid dataset:

    • Total Grant Value: $2,744,417,670
    • Number of Grants: 1,153
    • Number of Funders: 248

    Selection of highest value grants received from the last seven years:

    AmountYearFunderSubject
    $75,000,0002020 The Eli and Edythe Broad FoundationSCIENCE & MEDICAL RESEARCH – TO SUPPORT BIOMEDICAL AND GENOMIC RESEARCH
    $60,150,0002022 Stanley Family FoundationTO SUPPORT PSYCHIATRIC MEDICAL RESEARCH
    $57,500,0002023 Stanley Family FoundationTO SUPPORT PSYCHIATRIC MEDICAL RESEARCH
    $50,000,0002024 The Eli and Edythe Broad FoundationSCI & MED RESEARCH – TO SUPPORT BIOMEDICAL AND GENOMIC RESEARCH TO ADVANCE TREATMENTS AND CURES FOR DISEASE
    $50,000,0002023 The Eli and Edythe Broad FoundationSCI & MED RESEARCH – TO SUPPORT BIOMEDICAL AND GENOMIC RESEARCH TO ADVANCE TREATMENTS AND CURES FOR DISEASE
    $40,001,0002020 Stanley Family FoundationTO SUPPORT PSYCHIATRIC MEDICAL RESEARCH
    $36,243,7422021 The Eli and Edythe Broad FoundationSCI & MED RESEARCH – TO SUPPORT BIOMEDICAL AND GENOMIC RESEARCH
    $34,017,0802023 Donor Advised Charitable Giving, Inc.HEALTH
    $33,800,0002020 Donor Advised Charitable Giving, Inc.Health
    $32,285,0002024 Donor Advised Charitable Giving, Inc.HEALTH
    $31,429,0002022 Donor Advised Charitable Giving, Inc.HEALTH
    $30,000,5002021 Donor Advised Charitable Giving, Inc.HEALTH
    $20,000,0002024 Gordon and Betty Moore FoundationIn support of a unique technology platform and associated resources that supports immersive educational experiences that also benefits frontline pandemic response.
    $17,500,3872024 Sergey Brin Family FoundationSUPPORT FOR CNS RESEARCH
    $13,250,0002021 Stanley Family FoundationTO SUPPORT PSYCHIATRIC MEDICAL RESEARCH
    $12,024,4022024 Vanderbilt University Medical CenterResearch
    $12,000,0002022 National Philanthropic TrustHEALTH
    $10,300,4502025 Donor Advised Charitable Giving, Inc.HEALTH
    $10,075,7722023 National Philanthropic TrustHEALTH
    $10,000,0002022 THE STARR FOUNDATIONStarr Cancer Consortium
    $10,000,0002021 THE STARR FOUNDATIONStarr Cancer Consortium
    $10,000,0002020 THE STARR FOUNDATIONStarr Cancer Consortium
    $9,911,4552023 Milken InstituteBIPOLAR DISORDER RESEARCH
    $8,945,3512021 Vanderbilt University Medical CenterResearch
    $8,000,0002023 THE STARR FOUNDATIONSTARR CANCER CONSORTIUM

    All-time grants given statistics from Candid dataset:

    • Total Grant Value: $390,964,231
    • Number of Grants: 691
    • Number of Recipients: 186

    Selection of highest value grants given from the last seven years:

    AmountYearFunderSubject
    $15,530,3212023 President and Fellows of Harvard CollegePROGRAM SUPPORT
    $13,099,0142023 Massachusetts General HospitalPROGRAM SUPPORT
    $11,460,1072021 Harvard UniversityProgram Support
    $11,029,1242020 President and Fellows of Harvard CollegeProgram Support
    $8,019,7372021 Massachusetts General HospitalProgram Support
    $7,798,5222022 President and Fellows of Harvard CollegeProgram Support
    $7,159,6012020 Massachusetts General HospitalProgram Support
    $7,079,5992022 Massachusetts General HospitalProgram Support
    $5,636,3562021 Massachusetts Institute of TechnologyProgram Support
    $4,316,2122022 Massachusetts Institute of TechnologyProgram Support
    $4,257,8622020 Massachusetts Institute of TechnologyProgram Support
    $3,914,4622023 Dana-Farber Cancer Institute IncPROGRAM SUPPORT
    $3,412,2412023 Brigham and Women’s Hospital, Inc.PROGRAM SUPPORT
    $3,252,5632020 Multiple EAST ASIA AND THE PACIFIC RecipientsSubaward
    $2,846,3072023 Massachusetts Institute of TechnologyPROGRAM SUPPORT
    $2,619,2622021 Dana-Farber Cancer Institute IncProgram Support
    $2,588,8072022 Dana-Farber Cancer Institute IncProgram Support
    $2,580,0442020 Dana-Farber Cancer Institute IncProgram Support
    $2,030,4462020 Multiple EUROPE (INCLUDING ICELAND & GREENLAND) RecipientsSubaward
    $1,857,0202023 Children's Hospital CorporationPROGRAM SUPPORT
    $1,855,3102021 Multiple EUROPE (INCLUDING ICELAND & GREENLAND) RecipientsSubaward
    $1,848,2212021 Beth Israel Deaconess Medical Center IncProgram Support
    $1,769,5502020 Beth Israel Deaconess Medical Center IncProgram Support
    $1,733,6392022 Beth Israel Deaconess Medical Center IncProgram Support
    $1,610,0722021 Brigham and Women’s Hospital, Inc.Program Support

    References

    1. “About Us.” Broad Institute. Accessed February 25, 2025. https://www.broadinstitute.org/about-us.
    2. “Eric E. Schmidt, Ph.D.” Broad Institute. Accessed February 23, 2025. https://www.broadinstitute.org/bios/eric-e-schmidt.
    3. “History.” Broad Institute. Accessed February 23, 2025. https://www.broadinstitute.org/history.
    4. “Broad Institute Inc.” ProPublica. Accessed February 24, 2025. https://projects.propublica.org/nonprofits/organizations/263428781/202442819349302204/full.
    5. “This is Broad.” Broad Institute. Accessed February 23, 2025. https://www.broadinstitute.org/about-us.
    6. “Partner institutions and community.” Broad Institute. Accessed February 23, 2025. https://www.broadinstitute.org/about-us/partner-institutions-and-community.
    7. “Todd R. Golub, M.D.” Broad Institute. Accessed February 23, 2025. https://www.broadinstitute.org/bios/todd-r-golub.
    8. “Eric Lander – founding director.” Broad Institute. Accessed February 23, 2025. https://www.broadinstitute.org/founding-directors-page-eric-lander.
    9. “Catherine Breen.” Broad Institute. Accessed February 23, 2025. https://www.broadinstitute.org/bios/catherine-breen.
    10. “Michael Christiano.” Broad Institute. Accessed February 23, 2025. https://www.broadinstitute.org/bios/michael-christiano.
    11. “Priya McCue.” Broad Institute. Accessed February 23, 2025. https://www.broadinstitute.org/bios/priya-mccue.
    12. “Dan Shore, M.B.A., J.D.” Broad Institute. Accessed February 23, 2025. https://www.broadinstitute.org/bios/dan-shore.