Koret Foundation awards $50 million to Bay Area colleges, universities

Koret Foundation awards $50 million to Bay Area colleges, universities

The San Francisco-based Koret Foundation has announced grants totaling more than $50 million in support of a dozen colleges and universities in the Bay Area.

To be distributed over five years, the grants will provide support for school leadership priorities, campus programs and initiatives, the creation and expansion of new models for learning, the modernization of campus technology and infrastructure, and efforts to strengthen relationships between institutions in the United States and Israel.

Grants include $12 million to the University of California, Berkeley in support of recruitment and retention programs, support for first-generation college students, and efforts to build a more inclusive academic culture; $11.7 million to Stanford University in support of programs that connect students and faculty across disciplines, collaborations between American and Israeli researchers, and efforts to strengthen the campus community; $4 million to the University of California, San Francisco for faculty recruitment and retainment initiatives and to prepare minority students for careers in medically underserved communities; $3 million to Santa Clara University to strengthen a career pipeline for veterans and community college students, increase enrollment in STEM majors, and forge new partnerships with Israeli institutions; and $2 million to Sonoma State University in support of STEM programs that include immersion research and block scheduling and to adapt the Koret Scholars model to reduce achievement gaps on campus and increase retention and graduation rates.

"Investing in the next generation of talent, innovation, and leadership is critical in order to ensure that all students, including the disadvantaged, have the opportunity to lead productive and successful lives," said Koret Foundation president Michael Boskin. "Koret's Higher Education Initiative seeks to support key academic institutions in the Bay Area and fund programs that can spark new thinking, facilitate partnerships, and contribute to student success. Universities were already facing challenges, which are now deepened and accelerated by the coronavirus and recession. We believe now is a critical time to provide long-term support for these institutions."

For a complete list of the foundation's Higher Education Initiative grants, see the Koret Foundation website.

(Photo credit: Santa Clara University)