The Sky Is the Limit: $7.8 Million Gift to Support Aerospace Innovation

Through three gifts to the EAS Division, investor and philanthropist Foster Stanback and his wife, Coco, aim to help Caltech advance innovation in space exploration, with the attendant benefits of an educated workforce, skilled jobs, and spinoff technologies. "The Stanback gifts contribute vitally to the EAS strategy of attracting the best faculty and students, then giving them the resources, acknowledgement, and support to shine. For space engineering, these gifts will allow us to perpetually fund bold seed projects—many of which will lead to spectacular inventions and technologies,” explains EAS Chair Ares Rosakis. [Caltech story]