Chinese businessman agrees to give $10 million to UC Riverside
A Chinese businessman who recently struck a deal with a Riverside recreational vehicle company to build and export RVs to China has also agreed to donate $10 million to UC Riverside, the largest single-donor gift ever to the campus.
The donation by entrepreneur Winston Chung, which is expected to be finalized Monday with a memorandum of understanding, would be used to support research into clean battery power, solar energy and sustainable transportation at UCR's Bourns College of Engineering, school officials said.
“His investment in this university will result in generations of students and faculty sharing their knowledge with local and global communities, and in new materials and new energy sources for an energy-hungry world,” UC Riverside Chancellor Timothy P. White said in a statement.
Read more about Chung's gift to UC Riverside on The Times' Money & Company blog.
-- Rebecca Trounson