SAN LUIS OBISPO (AP) – An alumnus has donated $110 million to California Polytechnic State University, San Luis Obispo — the largest gift in Cal State history.
School officials said during a campus ceremony Wednesday that the donation by William Frost and his wife Linda will go to Cal Poly’s College of Science and Mathematics.READ MORE: 49ers Fans Look to Make Noise, Boost Team at NFC Championship Game
The money includes $3.6 million annually to support student scholarships, research stipends, equipment purchases and expanded hiring of instructors.READ MORE: Solo Crash Friday Night Closes Moraga Road, Cuts Power to Hundreds
Frost graduated in 1972 with a degree in biochemistry. He went on to found Chemlogics, which sold chemicals and polymers used in the extraction of oil and gas. The company sold for $1.3 billion in 2013.
The previous record for largest Cal State donation is a $60 million anonymous 2008 gift to Cal Poly’s College of Architecture and Environmental Design.MORE NEWS: S.F. Supervisors Set to Designate Casa Sanchez Bldg. in Mission District a Historical Landmark
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