The Nevada Community Foundation receives $70 million donation
March 05, 2013
The Nevada Community Foundation, which was established in 1988 to make a long-term impact on areas in the southern part of the state, has continued to help philanthropists carry out their charitable wishes. Recently, Alfred E. Mann donated $70 million to the organization.
"A gift of this significance has the ability to catalyze philanthropy within our community and beyond," said president of Nevada Community Foundation Gian Brosco, Esq. "We are honored that such a prominent member of our community has chosen to place his funds with the Nevada Community Foundation."
Brosco reiterated that the Nevada Community Foundation's goal is to preserve the philanthropic ambitions of supporters, and it plans to continue this legacy with the donation for Mann, which nearly triples the size of the organization.
The Alfred Mann Foundation has been involved in advancing medical research initiatives taking place at universities across the country. Specifically, Mr. Mann believed the road between innovation and commercialization should be shortened to ensure the public benefits sooner from cutting-edge products, procedures and technologies that are being discovered and stand to significantly benefit patients.
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