Venture Capitalist Gives Stanford University $1.1 Billion For Climate Change School
Stanford University received $1.1 billion, its largest ever gift, from venture capitalist John Doerr to fund a new school focused on climate change.
“Stanford’s first new school in 70 years will launch this fall as the Stanford Doerr School of Sustainability, recognizing a $1.1 billion gift from John and (his wife) Ann Doerr, the largest in the university’s history,” the university said in a statement on Wednesday.
“Climate and sustainability is going to be the new computer science,” Doerr told the New York Times in an interview published Wednesday. He made his estimated fortune of over $11 billion investing in technology companies such as Alphabet Inc and Amazon.com Inc.
The gift is the largest ever to a university for the establishment of a new school, and is the second largest gift to an academic institution, according to the Chronicle of Higher Education.
Arun Majumdar, adviser to former U.S. President Barack Obama and President Joe Biden on energy issues, has been named as the inaugural dean of the school which will open in the Fall 2022.