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November 14, 2009

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Agassi foundation has helped an estimated 184,000 youths

Monday, Dec. 6, 2004 | 9:30 a.m.

Of the $42 million raised by the Andre Agassi Charitable Foundation, $25.9 million has been spent or is being spent on projects that in the past 10 years have benefited an estimated 184,000 Las Vegas youths, project officials say.

Agassi Foundation President Perry Rogers, Agassi's manager and longtime friend, said the other $16.1 million that has been raised will go to an endowment that eventually will total $35 million and will operate the foundation in perpetuity.

"The way we designed this was for our fundraising to be intense now but only for a short time," Rogers said. "We do not want to be raising money many years down the road. Our goal is for the endowment to become large enough to sustain the foundation forever."

Rogers said his salary and the salaries of a half-dozen other foundation workers are paid by Andre Agassi from funds funneled through the charity. But no donated money is used for salaries or administrative costs, Rogers said.

"When a person donates a dollar to the foundation, the whole dollar goes to helping the children," he said.

Here's how nearly $26 million of the funds raised to date have been spent, according to foundation officials:

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