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Yahoo Co-Founder Gives $75 Million to Stanford

     
2:59 pm on Feb 16, 2007 (gmt 0)

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Jerry Yang, co-founder of Internet media company Yahoo Inc., is donating $75 million to Stanford University, which will spend most of the money on a new environmental studies center, the university said on Thursday.

Yang, who started Yahoo in 1994 with fellow student David Filo while working on his doctorate, planned to make the donations over a period of several years, said Howard Pearson, director of Stanford's development office.

It will be the largest of several donations Yang has made to his alma mater, although Pearson declined to say how much he has previously given.

Yahoo Co-Founder Gives $75 Million to Stanford [reuters.com]

4:46 pm on Feb 16, 2007 (gmt 0)

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location location location. Stanford will probably surpass all but Havard once the Google employees /founders start giving.
5:04 pm on Feb 16, 2007 (gmt 0)

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That is pretty cool of Jerry to do!

Have we any public figures on how much Google pays stanford for the co-registration credit on the pagerank patent? Somehow, I would think it dwarfs the $75 mil.

5:15 pm on Feb 16, 2007 (gmt 0)

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Brett,
I think they got shares. I remember reading about it. It should be public but I'm too lazy to check
8:30 pm on Feb 16, 2007 (gmt 0)

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In 2004 the value of Stanford's 1.8 million shares were $245million (Stanford alumni magazine [stanfordalumni.org]). Let's see, 1.8x10^6 x $500/share, carry the one, approximately $900x10^6 in 2007.

Google took off beyond anyone’s wildest imaginings. As the patent holder, Stanford OTL ended up with more than 1.8 million shares of Google. At today’s prices {2004}, that’s worth about $245 million.