Chuck Feeney’s $350m gift helped build Cornell Tech campus in New York
Billionaire Chuck Feeney donated $350 million to help Cornell University establish a technology-focused campus on Roosevelt Island in New York City. The gift was instrumental in winning the city's competition to develop the campus, which aims to foster innovation and applied sciences.
Why it matters
This donation highlights the impact of large-scale private philanthropy on urban development and higher education infrastructure.
In 2011, billionaire Chuck Feeney donated $350 million through his philanthropic organisation, The Atlantic Philanthropies, to help Cornell University establish a technology and applied sciences campus in New York City. Six years later, the first phase of Cornell Tech opened on 12 acres of Roosevelt Island, bringing together researchers, students and technology companies in a project intended to strengthen the city’s position as a hub for innovation. According to the Cornell Chronicle, the landmark gift was a decisive factor in Cornell winning New York City’s competition to build the new campus. The donation was among the most significant contributions to Cornell and reflected Feeney’s approach to philanthropy: giving away his wealth during his lifetime rather than preserving it for future generations.The $350 million gift that helped shape Cornell TechThe gift was announced on December 16, 2011, initially without identifying the donor.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in