Ted Turner, the founder of CNN and vice-chairman of Time Warner Inc., and former Georgia senator Sam Nunn, have announced that they are creating a private foundation dedicated to the elimination of nuclear weapons and weapons of mass destruction, the Atlanta Journal- Constitution reports.
Turner said he will fund the Nuclear Threat Initiative, as the foundation will be known, to the tune of $50 million annually over the next five years. The organization will be headed by Nunn, a former chairman of the Senate Armed Services Committee, and will work with similarly focused government and private entities.
Asked if an effort such as Turner's could actually help reduce nuclear dangers, Stephen Schwartz, publisher of the Bulletin of the Atomic Scientists, told the Journal-Constitution, "Absolutely. Without a doubt....If it's applied properly, I think it could make a tremendous difference in this field."
Turner, who made a gift of $1 billion over ten years to United Nations projects in 1997, donated $34 million to the UN in December to help cover a shortfall in its budget after Congress voted to reduce the United State's contribution to the organization.