Monday, February 14, 2011

UCLA Gets Another $100-Million Donation

Kirk Kerkorian

By Larry Gordon|Los Angeles Times|February 14, 2011|11:06am
A foundation established by billionaire investor and Las Vegas casino mogul Kirk Kerkorian is giving UCLA about $100 million for medical research and other projects and will allow the university to administer an additional $100 million for other charitable causes around the country, officials announced Monday.
The gift comes less than three weeks after the Westwood campus received a $100-million gift from Meyer Luskin, a UCLA alumnus who made a fortune in the animal-feed business. The Luskin donation is being split between UCLA’s school of public affairs and the construction of an on-campus conference center and hotel.
Under the Kerkorian gift announced Monday, the $200-million assets of the Lincy Foundation will be transferred to a new organization called the Dream Fund that will be run by UCLA. The Westwood campus will be able to use about half that amount for its own research and student support.
Photo: Kirk Kerkorian in 2005. Credit: Joe Cavaretta / Associated Press

No comments:

Post a Comment