Charity Prize Draw Raises €11m For Alzheimer’s Research

Charity prize draw raises €11m for Alzheimer’s research

More than 120,000 tickets priced at €100 each have been sold in a major charity prize draw, raising around €11 million to support Alzheimer’s research, organisers said. The draw is part of a fundraising initiative linked to a high-value art prize campaign in which participants pay for the chance to win a valuable artwork while supporting medical research into dementia. Organisers confirmed that ticket sales reached over 120,000 entries, each costing €100, generating total proceeds of approximately €11 million. The funds are being directed toward research into Alzheimer’s disease, one of the world’s leading causes of dementia. The initiative is part of ongoing efforts to raise large-scale private funding for neurological research, particularly into conditions affecting memory loss and cognitive decline. Alzheimer’s disease currently affects tens of millions of people globally, with no known cure. Charity raffles of this type have become increasingly popular in Europe, combining cultural or luxury prizes with large-scale fundraising for medical causes. In similar past campaigns, proceeds have supported research institutions and public health projects. Organisers said the overwhelming participation demonstrates continued public interest in supporting Alzheimer’s research through innovative fundraising methods. The prize draw is expected to be completed following final verification of entries and official selection of the winner.