UC Berkeley receives $25 million matching gift from Simons Foundation
The University of California, Berkeley has announced a $25 million matching pledge from Simons Foundation International (SFI) in support of the Simons Institute for the Theory of Computing at the university.
The pledge will match all gifts and future pledges to the institute 1:1 with a gift to its endowment, up to $25 million. The pledge was made in addition to a $25 million gift to seed an endowment, plus $15 million in direct support of the institute’s mission and activities.
“In the course of its first decade, the Simons Institute has established itself as the unsurpassed center of excellence in the foundations of computing, worldwide,” said SFI president David Spergel. “As the institute moves into its second decade, SFI is making an investment to help it build an endowment that will support discovery and innovation in this area for many years to come. With this matching pledge, we invite strategic philanthropists and the research community to join us in advancing the frontiers of algorithmic science. SFI believes that conversations and convenings can lead to transformational insights, and the Simons Institute for the Theory of Computing embodies this approach."
(Photo credit: Getty Images/Davel5957)
