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Late Qualcomm cofounder teleports $200M into SETI to bankroll hunt for alien life

Alien seekers at the SETI Institute have received an organizationally life-altering $200 million (£164 million) bequest from late Qualcomm cofounder Franklin…

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Late Qualcomm cofounder leaves $200M to fund SETI research

Late Qualcomm cofounder leaves $200M to fund SETI research
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$200m Gift Propels Scientific Research in the Search for Life Beyond Earth

$200m Gift Propels Scientific Research in the Search for Life Beyond Earth
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Summer Science Program spent $2 million last year serving 204 students. Then, they got a $200M gift

A small nonprofit, Summer Science Program, has puzzled for much of the last year over what do to with a surprise bequest of an estimated $200 million. Its board learned in the late summer of 2022 that Franklin Antonio, a co-founder of the large chipmaker Qualcomm, had granted the organization 20% of his estate. The gift is about 100 times the nonprofit's annual budget. CEO Frank Steslow said the board was not previously aware that Antonio, who was an alumni of the program, had included the organization in his will. Summer Science Program sends high school juniors to six-week intensive research courses at universities.

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Summer Science Program Spent $2 Million Last Year. Then It Got a $200 Million Unrestricted Gift

Summer Science Program Spent $2 Million Last Year. Then It Got a $200 Million Unrestricted Gift
philanthropy.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philanthropy.com Daily Mail and Mail on Sunday newspapers.

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AP Business SummaryBrief at 1:31 p.m. EDT

Federal Reserve leaves its key rate unchanged but keeps open possibility of a future hike

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Summer Science Program spent $2 million last year serving 204 students. Then, they got a $200M gift.

It's the kind of problem nonprofit leaders dream about: What do you do when you get an unexpectedly large donation? It has also puzzled over what do to with a surprise bequest of an estimated $200 million — about 100 times its annual budget. Summer Science Program learned last year that one of its alumni, Franklin Antonio, a co-founder of chipmaker Qualcomm, had granted the organization 20% of his estate, said CEO Frank Steslow.

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