Caltech $750 Million Wonderful Gift

The school received a gift from the owners of The Wonderful Company.

Mr. and Mrs. Resnick previously contributed nearly $38 million to Caltech, the university said. About $100 million of the new $750 million donation will go toward construction of a building called the Resnick Sustainability Resource Center. An additional $250 million will finance research immediately, while $400 million will be placed into the university’s endowment for future environmental research.

The scholars funded by the Resnicks will retain complete independence over their work, said Dr. Rosenbaum, the Caltech president.

Caltech Gets a Windfall for Climate Research: $750 Million, The New York Times

The California couple have been generous with their wealth.

With all this newfound wealth, the Resnicks have ratcheted up their philanthropic profile. At first, it was classic civic gifts: $15 million to found UCLA’s Stewart and Lynda Resnick Neuropsychiatric Hospital; $35 million to the Los Angeles County Museum of Art for an exhibition space designed by Renzo Piano and dubbed the Resnick Pavilion; $20 million for the Resnick Sustainability Institute at Caltech, which focuses on making “the breakthroughs that will change the balance of the world’s sustainability.” (Wonderful claims to have developed an almond tree that has 30 percent higher yields than a conventional tree, using the same amount of water.)

Meet the California Couple Who Uses More Water Than Every Home in Los Angeles Combined, Mother Jones

By the way, do you know who else is the biggest landowner in the Golden State?

[Stewart Resnick] purchased his first 640-acre section in the late 1970s and kept adding more sections of almonds, pistachios, pomegranates, and citrus until he stretched the lines of agriculture like no Californian before him.

At age 81, he’s gotten so big, he doesn’t know how big. Last time he checked, he told me he owned 180,000 acres of California. That’s 281 square miles. He is irrigating 121,000 of those acres. This doesn’t count the 21,000 acres of grapefruits and limes he’s growing in Texas and Mexico. He uses more water than any other person in the West. His 15 million trees in the San Joaquin Valley consume more than 400,000 acre-feet of water a year. The city of Los Angeles, by comparison, consumes 587,000 acre-feet.

A Kingdom from Dust, The California Sunday Magazine

Almonds, pomegranates, and pistachios are now plentiful in California.

Water, however, not so much.

The Beckman Institute at Caltech.
Twitter @CaltechLive

Post by Marcelino Pantoja