Martin Luther King Memorial Nets $1 Million Gift

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The national memorial to honor Martin Luther King Junior is inching closer to reality.

State Farm Insurance has donated a million dollars toward the project. Edward Rust, the company's chief executive, is urging other businesses to support the memorial as well.

A four-acre memorial honoring King is slated for the Tidal Basin near the Franklin D. Roosevelt Memorial. So far $58 million has been raised for the $100 million project - a big jump from just the $5 million that was raised in all of 2004.

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