The Picower Institute for Learning and Memory is one of the three neuroscience groups at MIT along with the McGovern Institute for Brain Research and the Department of Brain and Cognitive Sciences. The institute focuses on studying various aspects of learning and memory, including diseases such as Alzheimer's and schizophrenia. it has received over US$50 million for research in these areas. Establishment and Funding The institute was established in 1994, primarily funded by the Sherman Fairchild Foundation, the RIKEN Brain Science Institute and the National Institute of Mental Health. It was renamed after receiving a $50 million grant by the Picower Foundation in 2002. Leadership