Pursuits
Munger Gives $65 Million to U.C. Santa Barbara
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Charles Munger, the vice chairman at Berkshire Hathaway Inc., is giving $65 million to the University of California at Santa Barbara for a housing facility where visiting scientists can gather to discuss physics.
Construction of the three-story residence is expected to be done in two years, the university said in a statement. The gift by Munger, the long-time business partner of Warren Buffett, is the largest single donation in the school’s history, according to the statement.