A Montecito-based philanthropist pledged at least $200 million to build new student housing on the UC Santa Barbara campus and possibly create a new model for the entire UC system. Charles Munger, the 92-year-old vice chairman of Berkshire Hathaway, presented his plan at a recent UC Board of Regents meeting to replace existing dorms on Read More →
If continuing research can change the amount of energy we expect our consumer electronics to consume as much as Nakamura’s LEDs have changed the way we think of light bulbs, the university will more than recover Munger’s donation money in patent licensing and added prestige.
Munger’s gift outpaces a $50 million gift by Oracle Corp. Vice Chairman Jeff Henley to fund UCSB’s research into energy efficiency and other science programs.
Berkshire Hathaway Vice Chairman Charles Munger, a frequent South Coast visitor whose grandson studied at UC Santa Barbara has donated $20.7 million in stock to the university.