$10M to build HaifaU campus


The University of Haifa has received a $10 million donation from American philanthropist Lorry I. Lokey, for the construction of a new campus that will consist of at least four buildings located throughout the Port of Haifa and the city’s downtown area.

 Lokey, founder of Business Wire, was inspired by the university’s unique “multiversity” model: a multi-campus with locations throughout northern Israel, easing access for students and adding vitality to its city and region, while allowing a wide range of ideas and activities to flourish in a diverse community.

Business Wire, which Lokey launched in 1961, publishes between 500 and 1,000 press releases per day to thousands of news media worldwide.

An early signer of the Giving Pledge, a commitment by the world’s wealthiest people to dedicate most of their wealth to giving back, Lokey has given more than $800 million (98 percent of his lifetime earnings) to various philanthropies, universities and educational institutions.