World Peace Herald

World Peace Herald: "Analysis: Top charity donors giving big
By Al Swanson
UNITED PRESS INTERNATIONAL
Published March 1, 2005


WASHINGTON -- An inventor and businessman who pledged $100 million to endow a biomedical institute in Israel says 'you only need so much.'

Alfred E. Mann, co-chief executive officer of Advanced Bionics Corp. of Sylmar, Calif., is giving the money to the American Technion Society in New York for the Technion-Israel Institute of Technology in Haifa, Israel. He wants to establish a dozen bioengineering institutes affiliated with universities in the United States.

'I don't understand people who amass so much wealth and then don't do anything with it except amass more,' Mann said. 'You only need so much. In my case, I wanted to do something useful with it.' "