Stanford University today announced a new gift of $151 million from Silicon Valley landowner and developer John Arrillaga, a member of Stanford's class of 1960.
The largest single gift ever from a living individual will be used over time on a wide variety of projects, university officials stated.
In 2011, Robert King, a Silicon Valley investor who earned a Stanford MBA in 1960, and his wife, Dottie, donated $150 million to create the Stanford Institute for Innovation in Developing Economies. King was an early investor in what became the Chinese search company Baidu.
Arrillaga's new gift is the latest in a long history of contributions to Stanford from him and his family, for whom numerous campus buildings are named, including the Arrillaga Family Sports Center, the Arrillaga Center for Sports and Recreation, the Frances C. Arrillaga Alumni Center and the Arrillaga Family Dining Commons.
Arrillaga gifts also made possible other buildings that do not bear his name, including the Graduate Community Center, the Physics and Astrophysics Building, the rebuilt Stanford Stadium and other facilities to which he contributed anonymously, according to the university.
Scholarships endowed by the Arrillaga family also support nearly 50 Stanford students each year.
A previous Arrillaga gift of $100 million in 2006 was the university's largest single gift from a living individual at that time.
Arrillaga, who grew up in southern California, came to Stanford in 1955 on a basketball scholarship. He made his fortune, along with his business partner, Richard Peery, developing commercial real estate in Silicon Valley.
In reflections published today by the university, philanthropist and lecturer Laura Arrillaga-Andreessen, John Arrillaga's daughter, discusses her father and his relationship with Stanford.
"Perhaps driven by the competitive spirit that led him to All-American basketball fame, he is constantly out-giving himself, and his new gift to Stanford is no exception," Arrillaga-Andreessen wrote.
"It is his second nine-figure donation -- the first was also at the time Stanford's largest gift from a living donor."
Her father's interest in Stanford's projects extends well beyond check-writing, she wrote.
During construction of the new stadium, he "made high-level decisions on stadium design and landscaping while paying attention to detail, overseeing 24-hour construction crews, picking out every tree, selecting seat materials and tasting countless hot dogs before choosing which brand to serve," she said.