John Paulson Donates Record $296 Million to Hebrew University
Translated & summarized from Ynet by baba
American philanthropist John Paulson has donated a record $296 million to the Hebrew University of Jerusalem, the largest gift in its history. The funds will support research, a new engineering faculty, and medical advancements. The university's historic campus will be renamed in his honor. Paulson praised Israel's scientific achievements and the university's role in education.
The story in 5 lines · by baba
- John Paulson donated $296 million to the Hebrew University, the largest gift in its history.
- The donation will fund a new engineering faculty, medical research, and trauma studies.
- The Hebrew University's historic Mount Scopus campus will be renamed the Alina and John Paulson Campus.
- Paulson highlighted Israel's scientific achievements and the university's educational legacy.
- University President Tamir Sheafer called the gift a significant boost for the institution's future.
American philanthropist and investor John Paulson announced on Saturday evening a donation of $296 million to the Hebrew University of Jerusalem, marking the largest gift in the institution's history. The funds are designated for strategic initiatives including research and treatment, the establishment of a new engineering faculty, expansion in medicine and biomedical fields, and advancements in trauma and post-trauma care. In recognition of this significant contribution, the university's historic Mount Scopus campus will be named the "Alina and John Paulson Campus, Mount Scopus, Jerusalem."
Paulson, founder and chairman of the Paulson Family Foundation, expressed admiration for Israel's scientific and technological achievements, highlighting the Hebrew University's role as a leading institution in educating generations of students. He noted the university's founding in 1925 based on Albert Einstein's vision, emphasizing education as the foundation for a modern society. Paulson added that the donation will ensure the university has the necessary resources to meet the high demand for advanced education in the future, referencing the university's over 10,750 patents and numerous prestigious international awards, including ten Nobel Prizes.
Hebrew University President Professor Tamir Sheafer stated that Paulson's donation propels the university's founding vision forward into its second century. He described the gift as reflecting deep philanthropic leadership and serving as an inspiring beacon for the global Jewish community during challenging times, underscoring the vital importance of investing in Israel's academic and scientific infrastructure.
Professor Sheafer further detailed that a significant portion of the donation will fund the new engineering faculty, advance medical and biomedical research, support trauma and post-trauma rehabilitation studies, and establish a new think tank to connect academic expertise with urgent public needs in Israel and abroad. This latest gift follows previous contributions from the Paulson Family Foundation to the university's engineering and computer science infrastructure, including the Paulson-Bar-El Building for Computer Science and Engineering and the John Paulson Building for Electrical Engineering.
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