Connect with us

Hi, what are you looking for?

Jewish Business News


Founder of Business Wire Lorry Lokey donates $10 million to the University of Haifa

Besides the University of Haifa, Lorry Lokey a well-known Jewish-American philanthropist has donated over $800 million – 98 percent of his lifetime earnings to education


Lorry I. Lokey, The owner, and founder of Business Wire, an international media relations service, has donated $10 million to the University of Haifa for the construction of a new campus that will consist of at least four buildings located throughout the Port of Haifa and the city’s downtown area.

Lokey was inspired by University of Haifa’s unique “multiversity” model: a multi-campus institution with locations throughout northern Israel, easing access for students and adding vitality to its city and region while allowing a wide range of ideas and activities to flourish in a diverse community.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

While Haifa Municipality assisting the University with the acquisition of some of the new campus’s buildings, Lokey’s philanthropy will significantly offset the project’s renovation costs.

Lokey, a native of Portland, Ore., moved to Northern California after graduating from Stanford University with a degree in journalism and acquired his knowledge of news wire services as an editor for United Press International. He launched Business Wire in 1961 with seven news releases for 16 media outlets in California; today, it publishes between 500 and 1,000 press releases per day to thousands of news media worldwide.

Lorry Lokey is a well-known Jewish-American philanthropist, has donated over $800 million – 98 percent of his lifetime earnings – to charities, with the majority of the money given to universities and educational institutions, including University of Oregon, Stanford University, Leo Baeck School, Weizmann Institute of Science, and now, University of Haifa.

He is an early signer of The Giving Pledge—a commitment by the world’s wealthiest individuals and families to dedicate the majority of their wealth to giving back.

The announcement of $10 million in funding for the new campus comes just a few months after the University announced an $18 million donation from the Leona M. and Harry B. Helmsley Charitable Trust to begin building the 20-story Helmsley Health Discovery Tower in partnership with Rambam Healthcare Campus and Technion.

In addition, University President Ron Robin is overseeing a $10 million commitment to build an artificial intelligence technology center in Haifa in partnership with the Chinese Academy of Sciences.




You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.