Posted on October 31, 2005

print  e-mail

Intel Co-Founder Awards $26 Million to City College of New York

The City College of New York has announced a $26 million gift from Intel co-founder and 1960 alumnus Andrew S. Grove to support labs, equipment, and financial aid for its school of engineering, which will be named in his honor.

The gift — the largest ever received by the college and the largest single cash gift to a college in the CUNY system — will establish the Grove Endowment, which will be used to provide ongoing support to gifted engineering faculty and students. The engineering school will use the funds to attract and retain new faculty and renovate and equip laboratories for them. In addition, the gift, to be paid over twenty years, will support development of interdisciplinary programs and provide seed money for new research initiatives with high potential for external funding.

Born in Hungary, Grove fled the country after the Soviet Union brutally suppressed the 1956 Hungarian Uprising and came to the United States at age twenty. After graduating from CCNY in 1960 and receiving a Ph.D. from the University of California at Berkeley, he joined the research and development department at Fairchild Semiconductor. Five years later, he helped found the Intel Corporation, the pioneering semiconductor company that produced the first microprocessor and helped enable the personal computing and Internet revolutions. Grove spent twenty-six years at Intel's helm as president, CEO, and chairman, resigning as chair earlier this year.

"The City College of New York represents the bookends to my professional life — from the cold January day in 1957 when I found my way to the admissions office to the chance encounter, a few weeks ago, with the winner of the Intel Science Talent Search on the day he was starting at City," said Grove. "This institution is a veritable American-dream machine. I hope to help keep it that way."

“CCNY President Gregory H. Williams Announces $26 Million Gift From Intel Co-Founder Andrew S. Grove, '60.” City College of New York Press Release 10/27/05.

Primary Subject: Education
Secondary Subject(s): Higher Education, Science/Technology
Location(s): New York, New York City

FC008307