A $15m (£8.4m) donation to Berkeley at the University of California will help fund a new centre, which will try to develop sustainable solutions to problems facing the world’s poor.
The Richard Blum Center for Developing Economies will help train the next generation of leaders dedicated to alleviating poverty in the developing world. The centre will draw on the expertise of Berkeley and other University of California campus faculty to put together teams to work on projects overseas. The centre will also focus on encouraging and developing entrepreneurship.
Richard Blum, an alumnus of Berkeley, is a financier and philanthropist. He founded the American Himalayan Foundation 25 years ago. The foundation runs projects in the region including forest restoration, schools and small-scale economic development.