The Wonderful Company co-owners donate $750 million to Caltech for environmental research. (via CNBCMakeIt)
"I have been fortunate enough to be able to make the money and I feel comfortable with how to do that. Giving away the money is a little harder because I started with nothing," says Stewart who began his entrepreneurial career when he started a janitorial business while in college at UCLA. "We could use that money to maybe make more money, but this climate change thing ain't waiting for anybody.
"The risks we face due to climate change present daunting challenges. The discoveries, inventions and innovations that will be spanned by this incredible pledge will be transformative," says Steven Chu, co-winner of the 1997 Nobel Prize in Physics and former Secretary of Energy under President Barack Obama. "The generosity of Stewart and Lynda Resnick is a lasting commitment for the future well-being of our children, our grandchildren and our planet.
Resnick's gift will also fund the building of a 75,000-square-foot building named as the Resnick Sustainability Resource Center which will house the school's sustainability research.The gift is part of the couple's complex relationship with environmental sustainability activists. The couple are early investors in the Kern Water Bank, giving them unrivaled access to banked water.
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