Charlie Munger to Donate $200 Million to UCSB for New Dorms
Record High Gift Far Exceeds His 2014 Theoretical Physics Donation
Charlie Munger pledged Wednesday to donate $200 million to UCSB for state-of-the-art student housing. | Credit: Courtesy
Warren Buffett’s right-hand man Charlie Munger announced Thursday that he is donating $200 million to UCSB for state-of-the-art student housing, tripling the record gift he gave the school a year and a half ago.
Exactly what the dorms will look like remains unclear; Munger indicated he is only willing to donate the money if his design is followed.
At the UC Board of Regents meeting in San Francisco Thursday, the 92-year-old billionaire advocated for ultramodern student dorms to foster collaboration and academic success — like ones he helped bankroll at University of Michigan, among other colleges. “We’re talking about a minor revolution,” Munger, whose grandson attended UCSB, said, “but it’s a revolution of absolutely standard features.”
