Biomedical Mogul Gives $70-Million to Nev. Foundation
March 1, 2013 | Read Time: 1 minute
Billionaire biomedicine entrepreneur and philanthropist Alfred Mann has donated $70-million to the Nevada Community Foundation, tripling the charity’s endowment, the Las Vegas Review-Journal writes.
The 25-year-old foundation comprises more than 150 funds supporting a variety of causes. Foundation officials would not specify where Mr. Mann directed his gift but said they will work with the 88-year-old Las Vegas resident to “strategize his philanthropic interests.”
Mr. Mann founded a series of aerospace and biomedical firms, some of which have become dominant producers of pacemakers, insulin pumps, and cochlear implants. His biomedical-engineering foundation has supported institutes at the University of Southern California, Purdue University, and Technion University in Israel.
