Bill Gross, a fund manager in Laguna Beach, and his wife, Sue, announced a $40 million commitment to establish a nursing school at the University of California at Irvine, The Los Angeles Times reports. The school will be named for the couple, who will raise the funds through their William and Sue Gross Family Foundation.
The university started a nursing science program in 2007. The new funding will enable the school to expand offerings for students who want to become masters of nursing rather than medicine, and will support research on health services, epidemiology, clinic effectiveness, and new models of healthcare delivery.
The Grosses pledged in 2013 to give away their entire $2 billion fortune during their lifetimes. Their philanthropy has focused on education, medical research in the United States, health care in developing nations, and anti-poverty programs in Africa.