Institute Establishes Presidential Chair to Honor Irwin M. Jacobs
The Salk Institute has established the Irwin M. Jacobs Presidential Chair based on an endowment from Qualcomm and its employees. The Chair commemorates Jacobs' decision to step down as chairman of Qualcomm's Board of Directors and recognizes his ongoing dedicated leadership of the Salk Institute's Board of Trustees.
The Presidential Chair will be Salk's largest endowment of its kind and will provide $4 million to the Institute when fully funded. The inaugural chair-holder will be the Salk President, William R. Brody.
"Endowing a chair that will help ensure superb leadership at the Salk seemed a very fitting way to honor Irwin," said Paul E. Jacobs, chairman and CEO of Qualcomm. "His legacy is linked to the attraction and development of the world's finest executive talent, and his instincts are always to motivate, encourage and promote groundbreaking research."
"Irwin Jacobs' exemplary leadership of the Salk Board has been critical to enhancing the Institute's international renown," said Salk Executive Vice President Marsha Chandler. "This Presidential Chair is the perfect recognition of Irwin's inspiring guidance and commitment to the Salk's future."
Irwin Jacobs and his Qualcomm cofounders redefined how the world thinks of telecommunications and information technology. More than 20 years after its start, Qualcomm is a leading innovator of advanced wireless technologies, products and services.
"We are pleased and proud to play a role in the ongoing excellence of the Salk Institute," said Paul Jacobs. "Salk discoveries are transforming our understanding of human health, and this is an outstanding way to support one of Irwin's major passions."