$133-Million Gift Will Help Build New Cornell-Technion Campus in New York City

Cornell University alumni are continuing show the love—in this case, $133-million worth—for the new Cornell Tech campus in New York City. The latest donation, announced on Monday at New York’s City Hall, is a gift from Irwin Mark Jacobs, the founding chairman of Qualcomm, and his wife, Joan Klein Jacobs.

The money will create the Joan and Irwin Jacobs Technion-Cornell Innovation Institute and be used to hire professors, support graduate students, develop curricula, and foster industry interactions. The Jacobses are both Cornell alumni who have a long history of donating to their alma mater and to its partner in the applied-sciences campus to be built on Roosevelt Island, the Technion-Israel Institute of Technology.

The institute is a key component of the new applied-sciences campus, which was conceived to help spur the development of new technology companies in New York City.

The institute, which will award dual master’s degrees from Cornell and the Technion, will offer two-year interdisciplinary programs in applied information-based sciences beginning in the fall of 2014.

The Cornell-Technion venture had previously received a donation of $350-million from another Cornell alumnus and longtime benefactor, Charles F. Feeney, through his foundation, Atlantic Philanthropies.

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