Broadcom billionaire Henry Samueli announced a $100 million donation to UCLA’s engineering school. It was the school’s largest gift ever by KristinStoller
Henry Samueli and his wife Susan have given more than $478 million to the University of California system.Broadcom billionaire Henry Samueli, along with his wife Susan, announced a $100 million donation to UCLA’s engineering school Tuesday. It was the largest gift ever to the engineering department.The donation was made through the couple’s Samueli Foundation and will go toward the expansion of the engineering school, which is named for Samueli.
“The demand for engineering graduates has continued to grow unabated, so it is exciting to see UCLA’s significant commitment to increase the number of students and faculty, and expand research and entrepreneurship within the school,” Samueli said in a statement. “Such a commitment will ensure that UCLA Samueli remains among the elite engineering schools in the world, with an ever-growing impact on our society’s greatest challenges.
Samueli made his fortune after cofounding San Jose, California-based Broadcom, now one of the world’s largest semiconductor and infrastructure software companies, with Henry Nicholas in 1991. Broadcom was acquired by Avago Technologies in 2016 for $37 billion. Samueli served as the company’s chief technical officer until December 2018 and is now the company’s chairman.
The $188 million that Samueli has given to UCLA is not the couple’s largest philanthropic gift. In September 2017, the Samuelis donated $200 million to the University of California, Irvine. Including Tuesday’s gift, the Samuelis have given more than $478 million to the University of California system, according to Tuesday’s statement.I'm a wealth reporter at Forbes. Before joining Forbes, I reported for the Hartford Courant and the New Haven Register, covering breaking and local news.
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