Southern Nevada will miss Lincy Foundation's generosity

Las Vegas' nonprofit world is in a state of unease over news the Lincy Foundation, Kirk Kerkorian's charitable foundation, which gives out hundreds of millions each year, is going to give all its assets to UCLA to create the Dream Fund.

The Lincy Foundation has an estimated $200 million in assets and, pending government approval, all that will be transferred to the UCLA Foundation. While that's great news for UCLA, the ripple effect on Las Vegas charities and nonprofits may not be so cheery.