Sunday, February 28, 2010

Power of Love brings in 27 Million!

I have borrowed the following from John Katsilometes at The Las Vegas Sun...I have such a headache from too much Dom Perignon at this incredible event. I think it is so refreshing to hear that charity is still going strong in these economic times, especially for a cause like this. What a night! I have gone for several years, and it is surprising how they continually top the previous years in theme, decor, auction items, entertainment, food, and wine. Happy Sunday!
Nathalie
The money flowed like chilled Dom Perignon at the Bellagio on Saturday night, and once more the Keep Memory Alive "Power of Love" gala ignored economic realities elsewhere and continued to plow ahead with a blade dipped in gold.
Twenty-seven million dollars was raised during the 6-and-a-half hour lovefest on the Strip. That's the entire announced total, counting table and individual seat reservations (which ranged from $15,000 to $75,000 per table and $1,500 to $7,500 per seat), live and silent auction items and a handful of individual anonymous contributions that exceeded $1 million. The money raised goes toward the further development and operational costs for the Cleveland Clinic Lou Ruvo Center for Brain Health, brainchild of Southern Wine & Spirits of Nevada head and Las Vegas native Larry Ruvo.
It was an unforgettable accomplishment, far and away a record for a fundraising endeavor that started 14 years ago with 20 people meeting for dinner at Wolfgang Puck's Spago at the Forum Shops at Caesars. Even so, the Clinic's founder left nothing to chance.
"If you remember anything tonight, remember this: Cleveland Clinic, $27 million," Ruvo said from the stage, after new Paris Las Vegas headliner Barry Manilow boogied off the stage to the familiar rhythms of "Copacabana."
Two other-worldly donations helped Keep Memory Alive, the Cleveland Clinic's philanthropic division, arrive at its goal for the evening. After it was estimated that the night would draw a total of $23.5 million, the night's honorees, former International Gaming Technology Chief Executive Officer Chuck Mathewson and his wife, Stacy, simply made up the difference with a check for $4.5 million. This was critical to the Clinic's goal of paying off, entirely, the $27 million bond issued by the city of Las Vegas to the Clinic, which is dedicated to treating and curing Alzheimer's Huntington's Parkinson's ALS and other memory disorders.
Then, with Cleveland Clinic Chief Executive Officer Dr. Toby Cosgrove standing next to him, Ruvo announced that the evening's top donor was Anchor Gaming CEO Stan Fulton, who donated $8 million to the center. Cutting a multimillion-dollar check to charity is not foreign terrain for Fulton, who donated $6 million to the William S. Boyd School of Law at UNLV. He is a frequent contributor to Republican political candidates, and was not actually in the room when his gift was announced, departing just before Ruvo made told the crowd of about 600 of the donation.
Mathewson did stay until the end. If you donate $4.5 million, you might enjoy some Barry.
"I pay it forward, yes, sir," he said. "I very much believe in that. Good things happen when you pay it forward."
Before the late announcement of the night's largest gifts, the live auction provided the head-spinning bids that have become a "Power of Love" tradition. Private dinners prepared by celeb chefs Puck and Thomas Keller combined for $230,000. Two nights at Meadowood in Napa Valley, Calif., where the winner is invited to drive exotic cars with a group of Robb Report editors, went for $260,000. An hourlong tennis lesson from Andre Agassi and Stephanie Graf, followed by what we can expect is a really nice lunch, went for $130,000. The auction lots came in all shapes and sized, to be sure: Danny DeVito announced lunch with him and his wife, Rhea Perlman, at their "trailer in L.A.," which went for $60,000. Brad Gilbert announced a star-studded poker game featuring his friend Ray Romano, went for $100,000. As Gilbert said, referring to Romano, "You've not lived until you seen a person with more money than God complain about losing $4 on a poker hand."
The night concluded with a Manilow medley, as some of the more sprightly guests near the stage responding to his invitation to dance out the night with Lola, Tony and Rico at the Copa. The Cleveland Clinic Lou Ruvo Center for Brain Health is already seeing patients at its site in Symphony Park, just east of World Market Center, and its grand opening is April 1. But as anyone who has seen Ruvo and his friends operate, this group is nobody's fool.

1 comment:

  1. You know Nathalie, I really love dropping by your blog too. So much so that I'm going to put you on my side bar so I remember to visit more often. Wonderful post and really pleased you had such a wonderful time at such a fabulous event.! Long live Dom Perignon and people who love enough to give!!

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