Axline estate gives $60 Million to Caltech for student support
PASADENA–One of the largest-ever gifts in higher education for direct student support has been awarded to the California Institute of Technology by the estate of Rea and Lela Axline.
The $60 million gift from the San Diego philanthropists is also the largest single bequest from an individual donor in Caltech’s 108-year history. The Axline donation is one of three major gifts being announced by the estate, following the December 24 death of Lela Axline.
According to David Baltimore, president of Caltech, the student-aid gift could make Caltech the foremost institution in the world in terms of providing educational support for future scientists and technologists.
"Providing sufficient graduate and undergraduate student aid to attract the very best students to Caltech is one of our greatest challenges," Baltimore said. "The Axlines’ magnificent endowment for student aid will enable us to make great strides toward addressing these critical needs."
The late Rea and Lela Axline have long been known for their many charitable gifts to institutions such as the Museum of Contemporary Art in San Diego, Scripps Memorial Hospital in La Jolla, the Zoological Society of San Diego, as well as to Caltech. Rea Axline, who died in 1992, graduated from Caltech in 1931 and made his fortune with his process for coating metal alloys onto other metal objects.
Axline patented the coating procedure during the Depression, and the process became especially important after the outbreak of World War II, when the U.S. military began coating submarines, tanks, and other war vehicles. After the war, Axline cofounded METCO, which was sold to Perkin-Elmer Corp. in 1971.
Lela Axline, who went by "Jackie," was both a teacher and a supporter of art for many decades. A graduate of UC Berkeley and Columbia University, she was a renowned painter whose abstract paintings received much critical attention in the 1950s. She also taught at the Staten Island Academy, and after moving to California with her husband, she became involved in the San Diego Museum of Art.
Through the years, the Axlines have provided other significant gifts to Caltech, including funds for creation of the Axline Professorship, currently held by business economist Colin Camerer. Rea and Lela Axline were also life members of the Caltech President’s Circle. Rea was a member of the Caltech Associates board of directors, a life member of the Alumni Association, and a member of the visiting committee in the Division of the Humanities and Social Sciences.
Founded in 1891, Caltech has an enrollment of some 2,000 students, and an academic staff of about 280 professorial faculty and 130 research faculty. The Institute has more than 19,000 alumni. Caltech employs a staff of more than 1,700 on campus and 5,300 at JPL.
Over the years, 27 Nobel Prizes and four Crafoord Prizes have been awarded to faculty members and alumni. Forty-four Caltech faculty members and alumni have received the National Medal of Science; and eight alumni (two of whom are also trustees), two additional trustees, and one faculty member have won the National Medal of Technology. Since 1958, 13 faculty members have received the annual California Scientist of the Year award. On the Caltech faculty there are 75 fellows of the American Academy of Arts and Sciences; and on the faculty and Board of Trustees, 68 members of the National Academy of Sciences and 46 members of the National Academy of Engineering.