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Kellogg Company

$50 million or more pledged to fight blindness

$50 million or more pledged to fight blindness

Gordon Gund is the CEO of a venture capitalist fund, the former principal owner of the Cleveland Cavaliers and a member of the Kellogg Co.'s board of directors.

He has also been blind for more than 40 years.

On Saturday, Gund announced that his family plans to give $50 million or more in matching gifts to the Foundation Fighting Blindness, a Columbia-based nonprofit that he co-founded.

"Our family is committed to finishing the job we helped start, and we hope this Challenge requires us to match as much as is needed to fast-track progress for promising treatments from the lab to clinical trials," Gund said in a statement.

The funds will be used to speed...