ENDOWMENT
As the KITP entered its 40th year in 2019, we began the process of embarking on an ambitious endowment campaign to sustain the future of the Institute. Over the next four years, we intend to increase the size of the endowment from its current $20 million level to over $50 million. The $30 million in new endowment funds will be used to support what is at the core of the KITP - people.
Specifically, the KITP endowment will support the research and career development of KITP graduate fellows and postdoctoral scholars. More than ever before, private support is needed to ensure that we are able to continue to empower this next generation of theorists to connect, collaborate, and grow with no barriers to their scientific discovery.
In recognition of leadership gifts of $350,000 or more to this endowment campaign, KITP is offering prominent naming opportunities in Kohn Hall and the Charles T. Munger Physics Residence. Whether it is in your own name, or in honor of someone special, there are a number of ways to take advantage of this rare opportunity to join the distinguished community of supporters of the KITP and to play a key role in the future of scientific exploration.
Fred Kavli (1927-2013), a Norwegian-born U.S. citizen, was a physicist, entrepreneur, business leader, innovator and philanthropist dedicated to supporting research and education that has a positive, long-term impact on the human condition. He established The Kavli Foundation to advance science for the benefit of humanity. Fred Kavli was also a long-time Santa Barbara resident and supporter of UCSB including having served as a Trustee of the UCSB Foundation. He established The Kavli Foundation to advance science for the benefit of humanity. The Kavli Foundation has made gifts to the Institute totaling more than $20 million. These landmark gifts enabled the expansion of Kohn Hall and programs, and the creation and growth of the institute’s general endowment. In 2002 the university formally honored Fred by naming the institute the Kavli Institute for Theoretical Physics and in 2021 the KITP named its main auditorium in honor of Fred Kavli.