Several donors have recently helped fund the university’s research in sustainability and renewable energy.
The Space Solar Power Project also received funding from Northrop Grumman, which provided Caltech with $17.5 million over three years.
In September 2019, Stewart and Lynda Resnick, the owners of Wonderful Co., which sells pistachios, POM Wonderful juice and other snacks, donated a whopping $750 million to the school.
The donation from Resnicks was the largest in Caltech’s history and the second-largest contribution ever to a U.S. academic institution.
The gift supported climate science studies and construction of the 75,000-square-foot Resnick Sustainability Resource Center. The new building is expected to cost $100 million and is scheduled to break ground in 2022.
The donation was on top of a previous contribution of $30 million by the Resnicks and the Gordon and Betty Moore Foundation, which helped start the Resnick Sustainability Institute.
In 2019, the university was also awarded $2.2 million from the U.S. Geological Survey to develop an early warning system for earthquakes.
The school’s endowment in 2020 was $2.84 billion.