On Apr. 4, 2014, the Alabama Institute of Medicine received $1 Million gift from an anonymous Birmingham resident to advance stem cell research. The Institute wants to use the money to help fund four to five pilot studies which typically cost about $100,000 to $300,000 a piece, said Tory Williams co-founder of the private, nonprofit organization.

On Monday AIM will ask Alabama scientists to begin submitting their applications for funding, a process called a Request For Application (RFA). The applications will be reviewed on a double-blind basis — meaning the grantee not knowing the reviewer and vice versa.

“We want to raise money for pilot studies aimed at treating such diseases as cancer, diabetes, cardiac, sports injury and neurological diseases such as Alzheimer’s and Parkinson’s,” she said.

She said she feels good about raising their goal of $10 million this year. A longer term goal is to develop a hospital where regenerative medical treatments can be administered.

She said 90 percent of the funds will go toward research. All donations are placed in AIM’s scientific trust fund and are recognized as tax- deductible donations.