UCLA Chancellor Gene Block and Kirk Kerkorian, founder of The Lincy Foundation, today announced the formation of the Dream Fund at UCLA, a community-based fund devoted to the support of medical research and academic programs at UCLA, as well as the support of a wide range of charitable projects throughout the United States. The Dream Fund will be part of and administered by the UCLA Foundation.
The Lincy Foundation will be transferring all of its assets (valued at approximately $200 million) and its charitable programs in progress to the Dream Fund as an expression of hope that other private foundations, wealthy individuals and businesses will join with UCLA and Lincy in this endeavor. Upon receipt of requisite government approval, The Lincy Foundation will complete this gift and terminate its operations.
“The UCLA Foundation and the entire UCLA community are grateful for a magnificent act of support by a private foundation,” Block said. “Mr. Kerkorian and The Lincy Foundation have a long history of major charitable giving, and the UCLA Foundation is honored to have been entrusted to continue their mission.”
Thank you to Kirk Kerkorian and the Lincy Foundation for the generous gift.