updated 11/19/2008 4:30:16 PM ET 2008-11-19T21:30:16

Organizers of the Martin Luther King Jr. Memorial say former President Bill Clinton will help raise funds to complete the project planned for the National Mall.

The group announced Wednesday that Clinton will receive the foundation's "Humanitarian Award" and will serve as keynote speaker at a Jan. 8 dinner in Miami to help raise money for the memorial. The John S. and James L. Knight Foundation will sponsor the dinner.

The memorial foundation has raised $100 million of the $120 million needed to complete the project.

The project is planned for the banks of the Tidal Basin between the Lincoln and Jefferson memorials. It would be the first major tribute to a black leader on the National Mall.

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