John Doerr Gives $1.1 Billion towards Stanford’s Climate School

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Kleiner Perkins Chairman John Doerr and wife Ann have donated $1.1 billion to Stanford University to establish a school geared towards studies on climate change and sustainability — the biggest endowment in the history of the institution.

As per a statement, the donation will oversee the creation of the Stanford Doerr School of Sustainability, reported Bloomberg News. The school will reportedly comprise academic sections devoted to furthering climate change studies and developing appropriate technological interventions.

In a statement, John and Ann Doerr said, “Stanford is making a bold, actionable, and enduring commitment to tackle humanity’s greatest challenge, and we have deep conviction in its ambition and abilities.”