Billionaire couple pledges $750m(272billion naira) to American school



Philanthropists and entrepreneurs Stewart and Lynda Resnick, owners of The Wonderful Company, announced Thursday an unprecedented $750m pledge to California Institute of Technology, Caltech, to support the school’s cutting-edge research into the most pressing challenges in environmental sustainability.

“The commitment is the largest ever for sustainability research, the largest in Caltech’s history, and the second-largest to a U.S. academic institution,” the press release announcing the pledge has stated.

Explaining the reasons for the commitment, Stewart, 82, and Lynda, 77, owners of The Wonderful Company, the $750m pledge was made “In order to comprehensively manage the climate crisis.”

“We need breakthrough innovations, the kind that will only be possible through significant investment in university research,” said Stewart Resnick.

“Science and bold creativity must unite to address the most pressing challenges facing energy, water and sustainability,” he added.


The transformative pledge will support Caltech’s investigators as they pursue research in solar science, climate science, energy, biofuels, decomposable plastics, water and environmental resources, and ecology and biosphere engineering.

Ultimately, the initiative will bring together experts from across the physical, life, and engineering sciences, the release noted

In response, Caltech President Thomas F. Rosenbaum, said, “Sustainability is the challenge of our times. Stewart and Lynda Resnick’s generosity and vision will permit Caltech to tackle issues of water, energy, food, and waste in a world confronting rapid climate change.

“The Resnick Sustainability Institute will now be able to mount efforts at scale, letting researchers across campus follow their imaginations and translate fundamental discovery into technologies that dramatically advance solutions to society’s most pressing problems.”

“This research will no doubt change the world,” noted Dr. M. Sanjayan, chief executive officer of Conservation International. “It may even save the world. It’s that profound.”


https://punchng.com/billionaire-couple-pledges-750m-to-american-school/

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Lalasticlala Fynestboi Ishilove olawalebabs Richiez Seun.......

The $750m donation will be invested in environmental research at the Resnick Sustainability Institute in California Institute of Technology, United States.

  This will permit Caltech to tackle issues of water, energy, food, and waste in a world confronting rapid climate change.[b]

“The Resnick Sustainability Institute will now be able to mount efforts at scale, letting researchers across campus follow their imaginations and translate fundamental discovery into technologies that dramatically advance solutions to society’s most pressing problems.”


https://punchng.com/billionaire-couple-pledges-750m-to-american-school/

This is one of the major reasons why American universities will remain the best in the world for years to come. Just one 'department' in a university received 750million dollars(more than 271billion naira) to carry out research on environmental issues. Annual endowments of American universities like Harvard University(about 34billion dollars - which is roughly 12trillion naira) is more than the entire Nigerian educational budget from 1960 to this day.

If Nigerian universities really want to be world class - they need to overhaul and restrategize.

If this was given to any Nigerian University...it would be misappropriated

And naija is still struggling with 1999 academic curriculum.

What is wrong with being black?

CaveAdullam:
And naija is still struggling with 1999 academic curriculum.

What is wrong with being black?

We are not ready for development. When we do, we will take decisive actions. When Big Brother Naija and Tacha generate far more interest than national issues among the citizens of a country, then you know the country is going nowhere.

Americans also love reality TV shows but these complement their national life. They don't place TV shows and entertainment as higher priorities to national issues. And before you say Americans already have a great country, remember they fought tooth and nail to build the country they have today - they are also working hard to keep America at the top. But in Nigeria, most people are not ready to struggle - they think they will just wake up one day and find themselves in a great Nigerian state. Life does not work that way! They have to rise up and fight, work, strive, build and sustain the great Nigeria they deserve. See what is going on in Hong Kong!



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Lalasticlala Fynestboi olawalebabs Richiez Ishilove

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Let's have this on the front page.