As a member of the Stowers Group of Companies, BVD receives its funding principally from an endowment supporting the Stowers Institute for Medical Research. Jim Stowers, Jr., founder of American Century Investments, and his wife Virginia established BioMed Valley Discoveries and the Stowers Institute for Medical Research. Together, Jim and Virginia Stowers have endowed the Institute with over $2 billion in donations, including a controlling interest in American Century Investments. Since it began operations in 2000, the Institute has received and spent over $1 billion in dividends from its ownership stake in American Century Investments, a privately held asset management firm with $140 billion in assets. Since inception, BVD has spent over $60 million in pursuit of its mission. BVD is a for-profit company, whose profits all accrue to the benefit of the Stowers Institute for Medical Research.
Watch NBC coverage of our founders Jim and Virginia Stowers or visit their other founded companies: