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Late Boxing Champ's Center Receives Half Million Dollar Gift

Courtesy of the Ali Center

The Muhammad Ali Center in Kentucky has received its first big corporate donation since the boxing great's death. 

The UPS Foundation said Monday it is giving a $500,000 gift to support education initiatives at the center in Ali's hometown of Louisville. Those initiatives promote social awareness and entrepreneurship.

Ali Center President and CEO Donald Lassere says a global fundraising campaign is planned for programs to continue the champ's humanitarian agenda.

The center — founded by Ali and his wife, Lonnie — marked its 10th anniversary in November. It showcases Ali's boxing career with videos and his causes outside the ring as a social activist and humanitarian.

Ali died June 3 at age 74 after a long battle with Parkinson's disease.