John Doerr, one of the most successful venture capitalists in the history of Silicon Valley, is giving $1.1 billion to Stanford University to fund a school focused on climate change and sustainability.
The gift, which Mr. Doerr is making with his wife Ann, 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. Only Michael R. Bloomberg’s 2018 donation of $1.8 billion to his alma mater, Johns Hopkins University, ranks higher.
Read more at the New York Times.