Sep 26, 2019 - Energy & Environment

Caltech receives $750 million for climate research

Lynda Resnick (L) and Stewart Resnick during American Film Institute's 45th Life Achievement Award Gala Tribute

Lynda (L) and Stewart (R) Resnick own the Wonderful Company, which is home to Fiji Water, Pom Wonderful, Wonderful Pistachios and Teleflora. Photo: Stefanie Keenan/Getty Images for Turner

Billionaires Stewart and Lynda Resnick will be donating $750 million to the California Institute of Technology to build a research center and support projects focusing on combating climate change, reports the New York Times.

Why it matters: This is the second largest gift to an American university in history.

Between the lines: The Resnicks own the Wonderful Company — including Fiji Water, Pom Wonderful and Wonderful Pistachios — which has been criticized by environmentalists for its water and plastic use, per the Times.

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