Total Giving: $1.1 billion
Prominent Grants: Housing in Armenia following the 1989 earthquake in Spitak. At its closure, $200 million was transferred to UCLA for The Dream Fund, a community-based fund devoted to the support of medical research and academic programs at UCLA.
Summary: The Lincy Foundation was formed by Mr. Kirk Kerkorian, principal owner of the MGM Resorts in Las Vegas. The Foundation was established in 1989 in response to the devastating earthquake in Spitak, Armenia. Twenty-five thousand people lost their lives in the earthquake as two major cities and 100 villages were completely destroyed. The substantial contributions from The Lincy Foundation provided housing to thousands of displaced individuals and families and reconstruction of roads and other key infrastructure. While it continued to provide support to Armenia, The Lincy Foundation gave generously throughout the United States for over 22 years to support education, medical, social service programs, scientific research projects and many other charitable endeavors.
In February 2011, The Lincy Foundation announced the closure of its operation. Its assets were transferred to the University of California, Los Angeles (UCLA) to establish a donor-advised fund referred to as The Dream Fund.