Caltech receives $750 million for climate research
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.