Thursday, November 8, 2012

Philanthropic Donors Irwin and Joan Jacobs


Irwin Mark Jacobs was born October 18, 1933 in New Bedford, Massachusetts. He was the co-founder and former chairman of Qualcomm, and chair of the board of trustees of the Salk Institute. In 2010, Jacobs was listed as number 828 on Forbes's annual list of the World's Top Billionaires.  He earned his B.S. degree in electrical engineering from Cornell University in 1956, and his S.M. and Sc.D. degrees in Electrical Engineering and Computer Science from the Massachusetts Institute of Technology in 1957 and 1959, respectively. Additionally, he is a brother of Sigma Alpha Mu Fraternity.

He and his wife, Joan reside in California, and have four sons. His outside interests include the arts, reading, jogging, and family outings.

Their son Paul E. Jacobs is CEO of Qualcomm. Jeff Jacobs is the Chief Marketing Officer of Qualcomm. Hal Jacobs the second oldest, played on the 1985 USA Maccabi volleyball team, and is a Co-Producer of the hit musical Jersey Boys. Their eldest son Gary Jacobs is the head of the board of the Gary and Jerri-Ann Jacobs High Tech High Charter School. Jacobs's grandson, Adam Jacobs, is a former catcher of the Cornell University baseball team.

As the co-founder and chairman of Qualcomm, Jacobs has contributed hundreds of millions of dollars to the field of education through generous donations and grants to several schools and organizations. His donations have gone mostly towards fellowships and scholarships for deserving students in the fields of engineering and computer science, as well as the arts, and are focused in the San Diego area. The San Diego Union Tribune in 2011 dubbed him the "Philanthropist in Chief".

Jacobs has pledged $120 million for the San Diego Symphony, a similar amount for the Jacobs School of Engineering at the University of California San Diego, $75 million for UCSD's future specialty hospital and $20 million to replace the central library in downtown San Diego. Also in 2005 the Joan and Irwin Jacobs Center for La Jolla Playhouse was named after Jacobs and his wife in honor of their philanthropic contributions towards the institution's development.

In August 2010, Irwin and Joan Jacobs joined the Giving Pledge, pledging to give away most of their fortune to philanthropy. The Giving Pledge consists of around 40 America billionaires who have agreed to pledge 50 percent or more of their wealth to philanthropic causes. As of 2010, 50 percent of Jacob's wealth would equal $600 million. As part of the pledge, the Jacobses will choose which charities they would like to donate at least 50 percent of their estate to.

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