The Wonderful Co. owners pledge $750M to Caltech to support environmental sustainability research
This commitment will support Caltech's investigators, as they pursue research in solar science, climate science, energy, biofuels, decomposable plastics, water and environmental resources and ecology and biosphere engineering.
Stewart and Lynda Resnick, owners of The Wonderful Co., Los Angeles, and the Wonderful Halos brand, pledged $750 million to The California Institute of Technology (Caltech), Pasadena, Calif., to support cutting-edge research in environmental sustainability. The commitment, part of Caltech's Break Through campaign, is said to be the largest environmental sustainability research in Caltech's history, and the second-largest gift to a U.S. academic institution.
"In order to comprehensively manage the climate crisis, we need breakthrough innovations, the kind that will only be possible through significant investment in university research," says Stewart, chairman and president of The Wonderful Co. and a senior member of the Caltech board of trustees. "Science and bold creativity must unite to address the most pressing challenges facing energy, water and sustainability."