October 12, 2011
$30 million donated to Technion
The American Technion Society has received a $30 million commitment from the estate of Henry Taub and The Henry and Marilyn Taub Foundation.
The gift, awarded Tuesday, will go to making improvements at the Technion-Israel Institute of Technology in Haifa.
From the fund, $25 million will go to the Leaders in Science and Technology faculty recruitment program. The other $5 million is scheduled to go to the university’s faculty of computer science.
In 2002, the Taubs established the Leaders in Science program with $10 million. The program works to attract internationally renowned scientific leaders to serve as senior faculty at the school. Forty-one new faculty have joined the Technion through the program since the fall of 2002.
Henry Taub, the founder of Automatic Data Processing, was a longtime supporter of the Technion. He died earlier this year.
“This gift is an investment in the future of the Technion and Israel,” said Marilyn Taub. “The Leaders in Science program was so important to Henry. He wanted to ensure that the university is able to continue its historic role as innovator and educator for future generations of engineers and scientists who will shape Israel’s future.”