Billionaire hedge-fund investor Steven A. Cohen is committing$275 million to form a national network of free mental health clinics formilitary veterans and their families.

The pledge is his biggest yet under a philanthropic push thatgrew after his son, Robert, was deployed as a U.S. Marine toAfghanistan in 2010. Cohen is seeking to open 25 clinics by 2020serving a total of more than 25,000 patients a year, said AnthonyHassan, the retired Air Force officer who runs the initiativeas executive director of the Cohen Veterans Network.

Half of all Iraq and Afghanistan veteranssay they know a fellow veteran who attempted or committed suicide. Half!” Cohen saidin remarks prepared for delivery Wednesday night at a fundraiserfor the Marine Corps-Law Enforcement Foundation. “After 9/11, ourveterans rushed to protect us. Now it is our turn to protectthem.”

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