Salk Institute gets $25M from SD philanthropist

LA JOLLA - Local philanthropist and real estate developer Conrad T. Prebys has donated $25 million to the Salk Institute for Biological Studies.

The gift, announced this week, is the largest one-time endowment ever to the La Jolla-based nonprofit research center.

The institute will rename its auditorium the Conrad T. Prebys Auditorium in his honor. Prebys had previously donated $2 million to the institution. The latest gift is part of its first ever fundraising campaign, whose goal is to grow Salk’s endowment. Since it was launched in 2012, it has so far raised $275 million, with a goal of $300 million by July 2015.

In February, Prebys donated $20 million to San Diego State University, also the largest gift it has ever received. The money will allow for 150 student scholarships annually. In return, the university changed the name of its student center to the Conrad Prebys Aztec Student Union.

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