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Seibel founder gives University of Illinois $100 mln

The University of Illinois said it has received a gift commitment of $100 million from the founder of software maker Siebel Systems, the Chicago Tribune reported on Saturday.

The university said that graduate Thomas Siebel, 54, will write into his will a $100 million gift for the science and engineering programs on the Urbana-Champaign campus, but the university expects to begin using the money during his lifetime, the paper reported.

Siebel’s gift was announced Friday night at an event to begin the school’s $2.25 billion fund-raising campaign, according to the paper. It came days after the University of Chicago announced an anonymous donation of the same size to be used for scholarships for low- and moderate-income students.

Siebel told the paper he plans to set up a task force with faculty and administrators to decide how to best use the money, including possibly new buildings, endowed professorships, research and public policy programs.

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