Stanford Gets $1.1 Billion for New Climate School From John Doerr

Epigraph:

The sun and the moon run their courses according to a fixed reckoning.
And the stemless plants and the trees humbly submit to His will.
And the heaven He has raised high and set up a measure,
That you may not transgress the measure.
So weigh all things in justice and fall not short of the measure. (Al Quran 55:6-10)

Allen Discovery Center at Stanford University

Source: New York Times

By David Gelles

The billionaire venture capitalist said the study of climate change and sustainability would be the “new computer science.”

David Gelles writes about climate change and business, and has interviewed hundreds of C.E.O.s in recent years.

May 4, 2022Updated 11:50 a.m. ET

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.

The gift establishes the Doerrs as leading funders of climate change research and scholarship, and will place Stanford at the center of public and private efforts to wean the world off fossil fuels.

“Climate and sustainability is going to be the new computer science,” Mr. Doerr, who made his estimated $11.3 billion fortune investing in technology companies such as Slack, Google and Amazon, said in an interview. “This is what the young people want to work on with their lives, for all the right reasons.”

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Categories: Climate, Environment

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