Private foundation Atlantic Philanthropies is going to give $177 to establish a brain health institute. It will be an effort to stop rising dementia cases across the world. The new institute could be based at the University of California, San Francisco’s Memory and Aging Center and at Trinity College Dublin.

The investment is one of the single largest donations ever by Charles F. Feeney founded Atlantic Philanthropies. Previously, the 84-year-old alumnus of Cornell University gave a grant of about $400 million to UC San Francisco. The grant made him the biggest contributor of the school.

Now, it is expected that the new brain health institute will produce about 600 brain-health experts in next one and half decade. These experts will work on dementia care and public health policies. As per a report of the World Health Organization (WHO), there are more than 47 million people around the world with dementia. Every year, about 7.7 million people develop the disorder, the reported added.

Christopher G. Oechsli, president and chief executive of Atlantic Philanthropies, said the new investment by the foundation is a big bet. “The things we care about are complex, they last into the future, and there are no magic bullets for many of the things we’ve invested in. We think ultimately investing in the people and the cohorts of multidisciplinary thinkers is possibly the best way have the best impact”, Oechsli added.