Glicks to donate $30 million to IU medical school.

April 13, 2007
Apartment-builder Gene Glick and his wife Marilyn will give $30 million to found an eye institute at the Indiana University School of Medicine, the school announced this morning.

Two-thirds of the money will pay for a new building to house the Eugene and Marilyn Glick Eye Institute. The remainder will fund research on eye diseases, which are becoming more prevalent as baby boomers age.

“It is my hope that some day researchers will find a way to prevent or cure glaucoma, macular degeneration and other diseases that rob us of our sight,” Marilyn Glick said in a written statement. She has supported efforts to prevent blindness in Indiana for 25 years.

Medical school officials said they hope to use the money to recruit ophthalmology specialists who have attracted research funding from other groups and agencies, such as the National Institutes of Health. Those specialists also could attract talented research residents.

“The faculty and I have set a goal of becoming one of the top 10 eye institutes in the country,” Robert D. Yee, chairman of IU’s ophthalmology department, said in a written statement. “This gift gives us the foundation to achieve that goal.”

A location for the eye institute has yet to be determined.

The Glicks co-founded the Gene B. Glick Co. in 1947. It began by building homes, and then diversified into apartments in 1962. Gene Glick received a business degree from Indiana University.

In October, the couple donated $15 million to help build the 50-mile Indianapolis Cultural Trail, a 7.5-mile trail connecting six cultural districts in the city. Construction is expected to begin soon.
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