University of Iowa given $25 million grant to research vision advancements
August 12, 2013
There are numerous people around the globe who, after living their whole lives with the gift of sight, lose their vision for one reason or another. This can be disheartening for the individuals and their families, and with this in mind,researchers worldwide are looking to cures for blindness.
Las Vegas businessman Steve Wynn recently gave a $25 million grant to the University of Iowa to invest in new research related to vision loss. Wynn stated that he is dedicated to this project because he suffers form a rare eye disease.
The money will go toward the school's Institute for Vision Regents and be used to find cures for rare afflictions.
"This inspirational gift from Stephen Wynn will help accelerate the Institute's vision to eradicate blindness, and provide hope and treatments for those suffering from eye diseases today." University of Iowa President Sally Mason noted.
The Iowa Gazette reported that university administrators renamed the academic center the Stephen A. Wynn Institute of Vision Research in return for the gift. The ophthalmology department located therein has been named as part of the top 10 in the nation in the past.
Organizations that are providing funds for multiple nonprofit programs might find it easier to manage their large-scale efforts with fundraising management programs that can account for funds as they are disbursed to recipients.