The Simons Foundation ramps up its science grants, and may be setting itself up to become one of the largest science funders in the world.

"These are tough times for science researchers. After decades of expanding federal support of science, the party came to an end about a decade ago. Federal research budgets, adjusted for inflation, have been flat or in decline ever since. It’s become harder and harder for scientists to get grants, especially early career researchers.

"This same grim period, though, has seen the rise of one of the most important new private science funders in decades: the Simons Foundation, which is based in Manhattan and bankrolled by the vast hedge fund fortune of Jim Simons, the founder of Renaissance Technologies. His wife Marilyn Simons has led the foundation since its inception."--David Callahan, Inside Philanthropy

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