Philanthropist Donates Millions of Dollars to Top Research Centers
November 17, 2006 | Read Time: 1 minute
A retired technology entrepreneur is quietly donating millions of dollars to establish research institutes at top universities, reports the Associated Press.
Fred Kavli, founder of Kavlico Corporation, which specialized in navigational sensors for the aircraft and defense industries, is using his $600-million fortune to support the creation of research centers around the world and his own version of the Nobel Prize.
Thus far, Mr. Kavli has helped to start 14 centers at universities such as Harvard, Stanford, and Yale, as well as institutions in China and Europe.
Starting in 2008, the Kavli Foundation will award $1-million Kavli Prizes every two years in astrophysics, nanotechnology, and neuroscience.
