Billionaire John Doerr Donates $1.1 Billion
This fall, Stanford University will open its first new school in over 70 years.
It will be called the Stanford Doerr School of Sustainability in honor of billionaire John Doerr.
John an his wife Ann Doerr donated an incredible $1.1 billion towards the school's creation.
That is the second largest donation ever made to an academic institution.
As its name suggests, the school will be focused on environmental issues of climate and sustainability.
$1.1 billion is the highest amount ever given by one individual to Stanford University, and it's second only to the $1.8 billion given by Michael Bloomberg to Johns Hopkins University back in 2018.