$150 Million Gift to Stanford for Efforts to Fight Poverty

Stanford University's Graduate School of Business is today announcing the creation of the Stanford Institute for Innovation in Developing Economies with a $150 million gift from Dorothy and Robert King. The institute will seek to stimulate, develop, and disseminate research and innovations that enable entrepreneurs, managers, and leaders to alleviate poverty in developing economies. The Kings have made a $100 million gift to fund the institute, and they will provide an additional $50 million in matching funds, with the goal of creating a $200 million fund for the new program.