UC Santa Barbara receives $65M from Munger

SANTA BARBARA, Calif. (AP) — A physics institute at the University of California, Santa Barbara, has received a $65 million donation — the largest single gift in the university’s history.

The Los Angeles Times reports Thursday (http://lat.ms/10BUW9X ) that the donation by Charlie Munger, the vice chairman of Berkshire Hathaway, will fund a new visitor housing facility for the Kavli Institute for Theoretical Physics.

Munger said in a statement last week that the facility will help physicists know each other better and build trust, which is vital for reaching breakthroughs in the field.

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Information from: Los Angeles Times, http://www.latimes.com

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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