Pursuits

Oracle Chairman Gives $50 Million to UC Santa Barbara Amid Cuts

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Oracle Corp. Chairman Jeff Henley is giving $50 million to the University of California, Santa Barbara -- the largest donation in the school’s history -- to promote scientific research and help overcome budget cuts.

Henley’s donation to his alma mater will go toward the engineering college and the school’s Institute for Energy Efficiency, which conducts research in areas such as batteries, lighting and computer data centers, the university said late yesterday in a statement. The gift is also in the name of Henley’s wife, Judy.