With a $10 million gift, the Los Angeles–based Otis Booth Foundation has created and endowed the Otis Booth Leadership Chair for the Division of Engineering and Applied Science (EAS) at Caltech. "The first funds from the endowment will support time-sensitive research that is too high risk for most traditional grants," says Chair Ares Rosakis, the inaugural holder of the Booth Leadership Chair. "I am excited to see what inventions and ideas become realities as Dr. Rosakis and his successors at the helm of EAS use this endowment now and far into the future," says Lynn Booth, president of the Otis Booth Foundation, a Caltech trustee, and a prominent Los Angeles philanthropist. [Caltech Release]
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