Foundation Elevates Its Commitment
When the Krembil Foundation first partnered with Perimeter Institute in 2013, its goal was to spur scientific advances at the world’s largest independent centre for theoretical physics, introducing prestigious named chairs that would enable two of the world’s top young scientists to form a unique collaboration. It was a new kind of experiment for the Canadian philanthropic organization.
Known for its long-term approach to accelerating research, expanding knowledge, and impacting lives through scientific discoveries that will lead to advances in medicine, the Krembil Foundation had not previously supported theoretical physics, which is a foundational area of research that precedes – often by generations – advances in medicine and technology.
“We are doing this because we believe theoretical physics as practiced at Perimeter can potentially have a big and beneficial impact on humanity,” says Robert Krembil, founder of the Krembil Foundation.
The Foundation’s initial $4 million investment created two prestigious research chairs for Kevin Costello and Davide Gaiotto, and has resulted in research at the forefront of physics and mathematics (see accompanying story). That promise, and the possibility of significant discovery at the intersections of their disciplines, inspired the Foundation to not only renew but increase its support with a new $8 million gift over a 10-year period – bringing their total investment in the partnership to $12 million.
“The Krembil Foundation’s act of generosity and vision is a powerful demonstration that, through strategic investments in science, Canada can play a fundamental role in advancing our understanding of the world around us,” says Mike Lazaridis, Perimeter Founder and Board Chair.
Adds Perimeter Director Robert Myers: “We appreciate the foresight of the Krembil Foundation to retain Kevin and Davide’s incredible talent in Canada, and support their continued advances.”