Technion Receives $30m. Commitment

The American Technion Society has announced a $30 million commitment from the estate of the late Henry Taub and The Henry and Marilyn Taub Foundation. $25 million of the commitment will be used for the “Leaders in Science and Technology” faculty recruitment program at the Technion-Israel Institute of Technology, and $5 million will go to the university’s Faculty of Computer Science.

The gifts will create an endowment for the Leaders in Science program’s future and provide support for its annual expenses over the next 10 years. Established by the Taubs with $10 million in 2002, the program provides the university with the resources and flexibility to attract a cadre of internationally renowned scientific leaders to serve as senior faculty. It also allows the Technion to be competitive in recruiting and retaining exceptional new faculty members in cutting edge fields and to replace those who are retiring.

Since the fall of 2002, 41 new faculty members have joined the Technion through the auspices of this program. Among their many accomplishments are the graduation of 81 postgraduate students, 48 invention disclosures for patents, and research grants in excess of $23 million.

The $5 million for Computer Science will create an endowment to replace and upgrade computer equipment. The Faculty of Computer Science was a primary focus of Mr. Taub’s philanthropy at the Technion for nearly 40 years.

Past gifts from the Taubs to the Technion established the Henry and Marilyn Taub and Family Science and Technology Center, a central campus landmark and home to the Faculty of Computer Science; the Henry and Marilyn Taub Nobel Laureates Research Fund; and the Henry Taub Prize for Excellence in Research. One of their earliest gifts, in honor of Henry’s parents, was for the Technion’s first computer center. The Taubs also set up Technion scholarship funds named after each of their 10 grandchildren, and a housing fund for Technion faculty members.