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Charlie Munger has announced his $65,000,000 donation to the Kavli Institute for Theoretical Physics. This donation will be used to build and furnish a Residence for the KITP's visiting scientists. Designed with physicists in mind, this 75,000 square foot facility will house the majority of KITP's thousand yearly visitors and their families in a comfortable and intimate setting that inspires informal scientific interactions. The visitor offices and intense collaborative interactions that are the hallmark of KITP's mission will, of course, remain in Kohn Hall.