Stanford College will obtain a $1.1 billion donation to fund a brand new college devoted to local weather change and sustainability research, the college announced Wednesday. Different donors have contributed a mixed $590 million, making the varsity’s beginning endowment $1.69 billion.
The reward, from billionaire Silicon Valley enterprise capitalist John Doerr and his spouse, Ann, is the most important ever given to a college for the institution of a brand new college. It’s the second largest donation ever made to an establishment of upper training, after former New York Metropolis mayor Michael Bloomberg’s $1.8 billion reward to his alma mater, Johns Hopkins College, in 2018.
The varsity, which is to be named the Stanford Doerr College of Sustainability, is Stanford’s first new college in 70 years and will likely be dwelling to a variety of interdisciplinary institutes associated to local weather change.
Doerr, who made his cash investing in Silicon Valley tech giants like Google and Amazon, has been an outspoken advocate for sustainable know-how and infrastructure and started investing in zero-emission applied sciences in 2006. Final 12 months he revealed a e-book titled Pace & Scale: An Motion Plan for Fixing Our Local weather Disaster Now.
“These presents will assist Stanford convey its full effort to bear on fixing essentially the most advanced issues in local weather and sustainability, and on coaching the subsequent era of scholars who’re keen and pushed to deal with these challenges,” Stanford president Marc Tessier-Lavigne stated in a press launch.
Arun Majumdar, a professor of mechanical engineering, would be the college’s inaugural dean.
Stanford has rejected calls from college students to divest its endowment from fossil gas firms, a step taken by friends like Harvard College and Dartmouth Faculty in recent times.