Steve Wynn To Donate $25 Million To SchoolMoney Will Go Toward Vision Research |
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Billionaire casino developer Steve Wynn has agreed to donate $25 million to the University of Iowa, according to the Associated Press.
The money, which will come in over a five-year-period, will go to the school’s Institute for Vision Research. It will be renamed after Wynn.
“As a person who knows firsthand what it is like to lose vision from a rare inherited eye disease, I want to do everything I can to help others who are similarly affected,” the casino owner said in a statement. “I am thrilled by the pace of the scientific progress that has occurred in the past few years and I feel that the prospect of finding a cure is possible and probable in the short term and certain in the long term.”
The 71-year-old Wynn has retinitis pigmentosa, which causes difficulties in seeing at night and weakness in one’s peripheral vision.
According to the Associated Press, “Wynn’s donation is double the institute’s annual $12 million budget. The institute, which has 30 faculty and 100 staff, is expected to double its laboratory space and hire 10 new faculty from among the brightest in the field.”
Wynn is the owner of iconic Las Vegas properties on the Strip.
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