Briefly Noted: New $100-Million Program; Schwab Foundations Merge

A foundation formed in 1997 by Steve Case, chairman of AOL Time Warner, and his wife, Jean, plans to devote $100-million of its assets to a new program focused on using science and technology to improve medical research and treatment and public-health efforts. Richard Klausern, director of the National Cancer Institute will head the program. . . . Two foundations created by the discount broker Charles Schwab and his wife have merged, creating the Charles and Helen Schwab Foundation, in San Mateo, Calif. The new organization, with assets of $292-million, will continue to run a program on learning disabilities, as well as support projects on substance abuse, homelessness, and asset development for the working poor.