The University of Colorado is getting the biggest ever to a public university in the U.S. — $250 million from a high-tech entrepreneur and his wife to develop technology for people with cognitive disabilities, The San Francisco Chronicle reported Jan. 17.
The cash gift, to be paid over five years, was from Bill Coleman, founder and chairman of BEA Systems in San Jose, and his wife, Claudia, a former manager at Hewlett-Packard.
The gift will establish the Colorado Coleman Institute of Cognitive Disabilities, which will develop new technologies based on advanced biomedical and computer research.
Coleman said he first discovered that technology would help people with cognitive disabilities in 1983 when he and his wife gave an Apple computer to their then 6-year-old niece, who is mentally retarded and also has physical disabilities.
Neither of the Colemans attended the University of Colorado.
The Colemans hold about 9.3 million shares of BEA stock and are worth more than $650 million, the Chronicle said.
For full story, go to San Francisco Chronicle.