Real estate mogul hands Stanford largest ever gift: $151m

Real estate mogul hands Stanford largest ever gift: $151m

Summary: Silicon Valley's blowhard claims of changing the world are mostly hot air stinking with the halitosis of hypocrisy.

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TOPICS: Education
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Wealthy Silicon Valley techies draw the line at drawing down their wealth. Not everyone is that short-sighted or greedy:

Stanford University said a $151 million donation is the largest gift the school has ever received from a single living person.The university announced the donation from Silicon Valley real estate developer John Arrillaga Sr on Monday.

It's not the first philanthropic record made by Arrillaga. The 1960 graduate gave the university $100 million in 2006 — then the largest donation of its kind. His name graces buildings across campus and his family's endowed scholarships support 50 students a year.

Stanford has produced many wealthy techies, but hasn't taught them much about giving back to their alma mater, or about supporting their communities. Silicon Valley's public schools are a disgrace, and its cities struggle with the same problems of unemployment, homelessness, violence, and cuts in services as any other place in the country.

Silicon Valley's blowhard claims of changing the world are mostly hot air stinking with the halitosis of hypocrisy.

Silicon Valley needs to learn how to walk its talk and change its little corner of the world for the better.

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Topic: Education

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6 comments
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  • Um

    Why are the ills caused by bad government the responsibility of silicon valley moguls? They pay taxes! they help employ thousands with their ideas! no one is entitled to their riches!.
    ammohunt
    • Um, yeah.

      I agree, no one is entitled to their riches, but at the same time, instead of talking about changing the world, wouldn't it be nice to take some of that money and actually help change the world?

      Not change the world in that we can now all own an MP3 player or buy some apps online, but maybe instead of buying that 100 room super mega yatch for 500 million, maybe get the slightly scaled down version for 300 million, and maybe give that other 200 million to their strugling school system they complain about later in life?

      Ironic that they go to school and start a business, employ thousands in other countries with their ideas, while their own neighborhoods and schools that got them where they are struggle to remain open.
      William Farrel
  • Not giving to the correct entity?

    Always when one says the wealthy are not giving enough, or not to the correct entity, I ask them "how much have you given?".

    No, I do not mean in taxes as we all pay to those coffers. What percentage, or dollar amount have you given of your wealth to the entity you think the wealthy should give. Truly I do not need to know, that is a rhetorical question. As Um stated, "...no one is entitled to their riches!". It is their money, they are entitled to do with it as they wish.

    Remember this, that which comes to easily is esteemed to lightly. Thus, giving millions of dollars to a government entity goes in a empty hole where much of the money is squandered to folks that do not appreciate the hard work that created that wealth.
    BubbaJones_
    • Don't give it to the government.

      Here is a guy worth close to 2 billion dollars, so 151 million is not going to bankrupt him, so it was small to him, but generous to the school. That will likely go a long way to help provide the tools needed to teach students today.

      What tools did John Arrillaga use in his education, and where they a product of someone else's generosity to the school?

      There are times in life to "pay it forward", whether it be $5.00, or $5,000,000, with the thought of giving back that what you have used.

      Sadly for many, the thought process seems to be be that it's more important to have $200,000,000 in the bank, as opposed to $199,000,000 while the community struggles.
      William Farrel
      • Sorry, I do not understand your meaning.

        "...Sadly for many, the thought process seems to be be that it's more important to have $200,000,000 in the bank, as opposed to $199,000,000 while the community struggles....". Not saying you are wrong, I just do not understand that comment.

        Whatever wealth a person has it is their money. Other than creating jobs, creating a large tax base for a community, what one does with their wealth is their own business. Some folks look at another persons wealth thinking that person should give much of it away. My question is "until other folks are satisfied with ones giving how much should a person keep of their wealth"?

        What ever that amount is the answer may sound like Marx statement," The Communist Manifesto states that while there is still class struggle amongst society, capitalism will be overthrown by the proletariat only to start again in the near future; ultimately communism is the key to class equality amongst the citizens of Europe." Also, "The history of all hitherto existing society is the history of class struggles". It also briefly features their ideas for how the capitalist society of the time would eventually be replaced by socialism, and then eventually communism.

        So a question is what percentage of ones wealth, one could have wealth of $5.00 or a gazillion dollars, should one give away to appease those that want it? Then, where does it stop?
        BubbaJones_
    • Oops, it should read: that which comes too easily is esteemed too lightly.

      I blame that error on my trifocals.
      BubbaJones_