Caltech has received $30 million in donations to help create an institute for the study of energy innovation, climate change and environmental sustainability, officials announced Monday.
Los Angeles-area philanthropists Stewart and Lynda Resnick, who own the Roll International Corp., donated $20 million to the effort, and a matching program set up by longtime Caltech donors Gordon and Betty Moore gave an additional $10 million.
Plans call for the new Resnick Sustainability Institute ultimately to have a $90-million endowment, but officials said that with the initial gifts, work could begin soon to bring together current Caltech researchers from various disciplines and to hire others. Caltech President Jean-Lou Chameau, in a recent statement, said the donations mean that the university is poised to help launch "a new era in energy research."
-- Larry Gordon