Deakin University scientist receives almost $75K grant from Ramaciotti Foundations

Thu, 11 Nov 2010 14:03:00 +1100

The Ramaciotti Foundations has awarded Dr Sean McGee from Deakin University a grant of almost $75,000 to enable him to continue his outstanding biomedical research.

The Ramaciotti Foundations - which are celebrating 40 years of funding biomedical research this year – awarded more than $1.6 million to 24 recipients at an annual awards evening in Sydney in November.

Dr McGee’s research is aimed at studying the relationship between the amyloid beta (Abeta) protein and fat tissue. When this protein is released by fat tissue it impairs metabolism in other
tissues important for the maintenance of whole body metabolism.

“I am very pleased to have received the $75,000 grant from the Ramaciotti Foundations," Dr McGee said.

“Receiving this grant will allow us to determine the role of Abeta, which is also implicated in Alzheimer’s disease, in regulating whole body metabolism and determine whether it is involved in the development of metabolic diseases such as type 2 diabetes.”

Andrew Thomas, General Manager, Philanthropy, Perpetual explained the role of the Ramaciotti Foundations in promoting biomedical research.

“Forward-thinking philanthropists, Vera and Clive Ramaciotti, made a significant and lasting contribution to the Australian scientific community through their decision to create a charitable trust 40 years ago," he said.

"Since then, the Foundations have provided scientists with necessary funds for creative and cutting-edge medical research, which often struggles to attract funding from mainstream sources.”

Starting from an initial bequest of $6.7million, the Ramaciotti Foundations have provided the Australian scientific community with $48.5 million in grants over their 40 year history.

“When managed prudently, charitable trusts are a powerful way for families or individuals to continue giving in perpetuity - either during their lifetime, or beyond it,” Mr Thomas said.

Read more about Dr McGee's research


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