Re:$200M Gift Propels Scientific Research in the Search for ...
by samdcbu on Wednesday November 08, 2023 @04:37PM
(#38197458)
SETI received ~$28m in donations and contributions in 2022, according to their tax filings [1]
As mentioned in the press release, contribution will be used at least in part as an endowment, providing perpetual funding for ongoing programs.
Also, it is my understanding that large philanthropic gifts, particularly from estates, often come in the form of non-cash assets such as stocks or other financial instruments. So probably not a $200m check, but a very nice nest egg to fund SETI projects for decades to come.
As mentioned in the press release, contribution will be used at least in part as an endowment, providing perpetual funding for ongoing programs.
Also, it is my understanding that large philanthropic gifts, particularly from estates, often come in the form of non-cash assets such as stocks or other financial instruments. So probably not a $200m check, but a very nice nest egg to fund SETI projects for decades to come.
[1] https://www.seti.org/about-us/financials