MGM MIRAGE Endowment to Fund National Merit(R) Scholarships at UNLV
31 Outubro 2006 - 3:45PM
PR Newswire (US)
LAS VEGAS, Oct. 31 /PRNewswire/ -- The University of Nevada, Las
Vegas (UNLV) and the Invent the Future campaign leadership today
announced the largest corporate scholarship donation ever received
in the institution's 49-year history. With a $1 million gift from
MGM MIRAGE, the university will establish the MGM MIRAGE Academic
Excellence Scholarship Endowment. The funds will be used to
underwrite scholarships for National Merit(R) scholars at UNLV.
"The MGM MIRAGE Academic Excellence Scholarship program will
support UNLV's efforts to attract the best and brightest students
from Nevada and throughout the United States," said UNLV President
Dr. David B. Ashley. "The perpetuity of this endowment will allow
us to continue attracting these talented students in the future."
Established in 1955, the National Merit(R) Scholarship Program is
an academic competition that honors individual students who
demonstrate exceptional academic ability and potential for success
in rigorous college studies. Less than one percent of the nation's
high school seniors are selected to become National Merit(R)
scholars. "At MGM MIRAGE, we believe education has the potential to
uplift the lives of individuals and provide a foundation for a
community's growth and development," said MGM MIRAGE Chairman and
CEO Terry Lanni. "This gift reinforces our commitment to higher
education in Nevada and helps enhance the academic reputation of
UNLV." According to Lanni, MGM MIRAGE will consider providing
additional annual gifts of $1 million to the UNLV endowment fund
for the next four years. "We hope that the MGM MIRAGE Academic
Excellence Scholarship will become one of the most prestigious
awards offered to attract our nation's most promising young
scholars to UNLV," noted Stephen Rosenbaum, dean of UNLV's Honors
College. "We know that merit-based scholarships are one of the
elements academically-talented students look for when selecting
their university of choice." The MGM MIRAGE Academic Excellence
Scholarship Endowment will be counted as part of the Invent the
Future campaign -- the university's first comprehensive effort to
raise $500 million to fund initiatives at UNLV. The campaign has
raised more than $332 million in gifts and pledges since 2002. In
addition to establishing student scholarships, funds will help
attract and retain top faculty, enhance academic research and
expand partnerships throughout the university community. About
UNLV: UNLV is a doctoral-degree granting institution of 28,000
students and approximately 3,000 faculty and staff. More than 220
undergraduate, masters and doctoral degrees are offered. Founded in
1957, UNLV is located on more than 350 acres in dynamic Southern
Nevada. The university is classified in the category of Research
Universities (high research activity) by the Carnegie Foundation
for the Advancement of Teaching. About MGM MIRAGE: MGM MIRAGE
(NYSE:MGM), one of the world's leading and most respected hotel and
gaming companies, owns and operates 23 properties located in
Nevada, Mississippi and Michigan, and has investments in three
other properties in Nevada, New Jersey and Illinois. MGM MIRAGE has
also announced plans to develop Project CityCenter, a multi-billion
dollar mixed-use urban development project in the heart of Las
Vegas, and has a 50 percent interest in MGM Grand Macau, a
hotel-casino resort currently under construction in Macau S.A.R.
MGM MIRAGE supports responsible gaming and has implemented the
American Gaming Association's Code of Conduct for Responsible
Gaming at its properties. MGM MIRAGE also has been the recipient of
numerous awards and recognitions for its industry-leading Diversity
Initiative and its community philanthropy programs. For more
information about MGM MIRAGE, please visit the company's website at
http://www.mgmmirage.com/. DATASOURCE: University of Nevada, Las
Vegas CONTACT: Media, Dave Tonelli, UNLV Public Affairs,
+1-702-895-0898, ; or Debra Nelson of MGM MIRAGE, +1-702-650-7421,
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