Couple Donate $150 Million to Fight Poverty in Developing Nations
Stanford University will open an institution with the sole purpose of alleviating poverty in developing nations, thanks to a $150 million gift donated by a Silicon Valley businessman and his wife. Called the Stanford Institute for Innovation in Developing Economies (known informally as "SEED"), it will draw from the school's world-class MBA program and suite of courses in entrepreneurship to stimulate business ideas that can empower the people receiving food aid today so they can become self-sufficient and not need the aid in the future.
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