$133 Million Gift to Cornell Tech NYC

Colleges & Universities Cornell University
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<p>Qualcomm Inc. co-founder Irwin Jacobs and his wife Joan are donating $133 million to create an innovation institute at Cornell University’s technology campus in New York.</p>

<p>[Qualcomm?s</a> Jacobs Gives $133 Million for Cornell?s Tech Campus - Bloomberg](<a href=“http://www.bloomberg.com/news/2013-04-22/qualcomm-s-jacobs-gives-133-million-for-cornell-s-tech-campus.html]Qualcomm?s”>Qualcomm’s Jacobs Gives $133 Million for Cornell’s Tech Campus - Bloomberg)</p>

<p>More info on the new Roosevelt Island campus, for anyone looking for background info.</p>

<p><a href=“http://www.nytimes.com/2013/04/14/education/edlife/cornell-nyc-tech-planned-for-roosevelt-island-starts-up-in-chelsea.html?ref=education[/url]”>http://www.nytimes.com/2013/04/14/education/edlife/cornell-nyc-tech-planned-for-roosevelt-island-starts-up-in-chelsea.html?ref=education&lt;/a&gt;&lt;/p&gt;

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<p>Cornell announced today the achievement of 2 fundraising milestones. $4 billion has been raised in the Cornell Now campaign for the Ithaca campus and Weill Cornell Medical. $500 million has been raised for the Cornell NYC Tech campus.</p>

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<p>Wow, if they put that into our endowment then we would have a 9 billion dollar endowment…</p>

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<p>What does this mean for incoming freshmen studying CS and related fields?</p>

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<p>Not much right now for incoming freshmen, since the Tech Campus is a graduate campus. Though they’ve talked about possibilities for undergraduate opportunities there (internships, networking opportunities, visits, etc), it’s hard to tell right now, since the campus has only been open for less than a year.</p>

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<p>The campus won’t actually open until 2017. The ‘beta’ class of seven or eight students is housed in Google’s office space, down near Chelsea Market & The High Line, I believe.</p>

<p>Here is an article that provides more background. </p>

<p><a href=“Cornell NYC Tech, Planned for Roosevelt Island, Starts Up in Chelsea - The New York Times”>Cornell NYC Tech, Planned for Roosevelt Island, Starts Up in Chelsea - The New York Times;