Time Warner Donates $10 Million for Vietnam Veterans Memorial Center

Time Warner, Inc. has donated $10 million to the campaign to build the Vietnam Veterans Memorial Center, an underground educational facility to be located near the Vietnam Veterans Memorial in Washington, D.C.

In recognition of the largest gift in its history, the Vietnam Veterans Memorial Fund will establish the Time Warner Chair in Education, a $200,000 endowment funded through a $500,000 three-to-one matching grant from the National Endowment of the Humanities, which the media giant's gift enabled the fund to meet. The chair will support educational programs of the fund and the new memorial center.

The campaign hopes to raise $75 million to $100 million in private funds for the construction and maintenance of the center, which organizers say will match faces to the more than 58,000 names engraved on the Vietnam Veterans Memorial wall. If the fundraising goal is met, groundbreaking could occur in twenty-four to thirty-six months.

Time Warner chairman and CEO Richard Parsons said the center represents an opportunity to connect the nation's past with its future. "We want to do our part to educate current and future generations about the sacrifices and values of American soldiers," said Parsons. "Not just in Vietnam, but throughout history and up to the present day."