Irwin and Joan Jacobs increase Chair Challenge with $5 million contribution
In 2008 the Jacobses stepped forward with a $10 million challenge grant to encourage donors to establish ten endowed chairs for senior scientists. For every $2 million that a donor contributes toward an endowed chair at the Institute, Joan and Irwin Jacobs will add $1 million to achieve the $3 million funding level required to fully endow a chair for a Salk senior scientist. Due to the success of the Chair Challenge, the Jacobses have committed to add five more chairs to the challenge, for a total of 15 endowed chairs. To date, 11 chairs have been established and are recognized on the new Donor Wall in the Salk Institute's East Courtyard.