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IATI - Israel Advanced Technology Industries
IATI News & Events Daily Industry News Qualcomm's Irwin Jacobs Announces $133 Million Gift to Technion-Cornell Project

Qualcomm's Irwin Jacobs Announces $133 Million Gift to Technion-Cornell Project

Apr. 22, 2013

Irwin Jacobs and his wife Joan announced a $133 million gift on Monday to Cornell University and the Technion-Israel Institute of Technology. It will fund the creation of The Joan and Irwin Jacobs Technion-Cornell Innovation Institute, including helping support faculty and graduate students, among other initiatives.

The Jacobs’ gift will play a key role in furthering one of the most highly anticipated developments in New York City, one that has already received a record breaking gift of $350 million from DFS cofounder, Chuck Feeney, the subject of a Forbes profile last year, entitled “The Billionaire Who Is Trying To Go Broke.” The project will probably cost close to $2 billion and the first phase of construction isn’t expected to be finished until 2017.

 For the full Forbes story click here


The Jacobs’ gift will play a key role in furthering one of the most highly anticipated developments in New York City, one that has already received a record breaking gift of $350 million from DFS cofounder, Chuck Feeney, the subject of a Forbes profile last year, entitled “The Billionaire Who Is Trying To Go Broke.” The project will probably cost close to $2 billion and the first phase of construction isn’t expected to be finished until 2017.

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