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Oracle chairman Jeff Henley makes $50 million gift to UC Santa Barbara
Date:5/14/2012

endously honored that this transformative $50 million gift for our Institute for Energy Efficiency and our College of Engineering the largest gift in the history of our campus will become part of the Henleys' living legacy at UC Santa Barbara."

Of the Henleys' total pledge, $30 million will go toward Henley Hall the future base of operations for IEE to be named in honor of this generous gift and be invested in faculty recruitment for both the institute and the College of Engineering. The additional $20 million, in the form of an estate commitment, will support priorities of the College of Engineering.

"This gift allows us to play an important role in supporting the priorities of the University and the College of Engineering, by significantly advancing the sciences and the Institute for Energy Efficiency," Jeff Henley said. "We hope to create new opportunities for research and discovery, and to support UC Santa Barbara's already strong commitment to preparing the next generation of scientists and engineers."

In the face of ongoing state budget cuts, donations are critical to recruiting and retaining leading researchers, and providing them cutting-edge lab space. Henley Hall will see the world's brightest minds in materials, computing, optoelectronics, control systems, photovoltaics, and solid state lighting collaborate to innovate and advance the discoveries that will one day reduce, even reverse, the global growth in energy consumption.

"We generate most of our energy by burning fossil fuels, and at the rate we are going we will consume in a couple of centuries what took hundreds of millions of years to generate. We owe it to our children and grandchildren to change this trajectory and become far more efficient in our use of energy," said John Bowers, director of the IEE and the Fred Kavli Chair in Nanotechnology at UCSB. "We waste more energy than we consume, but with scientific and technological breakthroughs we can chan
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Contact: Shelly Leachman
shelly.leachman@ia.ucsb.edu
805-893-8726
University of California - Santa Barbara
Source:Eurekalert  

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Oracle chairman Jeff Henley makes $50 million gift to UC Santa Barbara
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