Kavli invests in institutes

摘要

US philanthropist Fred Kavli has embarked on a second round of grants of up to $5 million to each of the 15 research institutes that were established in his name. The grants, Kavli told Nature, are conditional on the institutes finding gifts from other donors so that they can establish endowments of $20 million. Kavli, who made his $600-million fortune through real estate and selling his company - which had become a leader in supplying aeronautic and automotive sensors - says that the second round could take five years or more. "Right now the market hasn't been very kind to us," he says. "We are hedging a little on this."