Its major philanthropic support came from Oracle CEO Larry Ellison.
As of 2007, the foundation owned 1.3 million shares of Oracle Corporation.
Since 1998 the Ellison Medical Foundation has spent hundreds of millions of dollars funding fundamental research on the biology of ageing.
[citation needed] In late summer/early fall 2013 the Ellison Medical Foundation announced that it "will no longer be accepting new applications for New and Senior Scholar awards in Aging, Neuroscience, or other biomedical research topics.
All currently funded awards will continue ... but no new applications or letters of intent will be accepted for these or other grant programs.