[waitwhatwhoa]

This is not the only school that Joan and Irwin Jacobs have given to:

And in 1997, the School went through a final name change when QUALCOMM founder and former UCSD engineering professor Irwin Jacobs and his wife Joan Jacobs provided a $15 million endowment for the [UC San Diego School of Engineering], leading to the current name in their honor. The couple later added to the endowment in 2003 with a $110 million gift for scholarships, fellowships, and faculty support.[1]

UC San Diego is certainly not an elites-only institution. The Jacobs family has been very generous to many institutions, and I'm glad to see them helping Cornell NYC get off the ground.

1. http://www.jacobsschool.ucsd.edu/about/about_hx/