Developer Arrillaga gives Stanford $100M

Developer Arrillaga gives Stanford $100M

A prominent Silicon Valley real estate developer has given $100 million to Stanford University. John Arrillaga, a longtime benefactor of the school, played basketball there nearly 50 years ago.

In the past, Arrillaga made a $22 million gift for the Arrillaga Family Sports Center, which now contains administrative offices, rooms for coaches, sports medicine, and conferences.

In addition, an alumni center, for which he donated $37 million, is named for his late wife Fran.
According to reports, the latest gift will be used for various programs within the university, and no decision has been made yet how it will be allocated.

More: bizjournals.com

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