SANTA BARBARA, Calif., May 12 (UPI) -- The chairman of the board at Oracle, Jeffrey Henley, has pledged $50 million to his alma mater, the University of California Santa Barbara, the college said.
The donation will go to the school's College of Engineering with $30 million designated to finance a new building, Henley Hall, which will house the Institute for Energy Efficiency, the Los Angeles Times reported Saturday.
"We hope to create new opportunities for research and discovery and to support UC Santa Barbara's already strong commitment to preparing the next generation of scientists and engineers," Henley said in a statement.
Henley has been Oracle's chairman for eight years. Prior to that, he was the company's chief financial officer.
The college said with Henley's donation it has raised $718 million of a $1 billion fundraising goal.
