The has announced gifts totaling $38 million in support of its .
The gifts include $31 million from co-founder and CEO Brendan Iribe, who is a Maryland alumnus; $3 million from his mother, Elizabeth Iribe; and $4 million from Oculus co-founder and chief software architect Michael Antonov. Most of Brendan Iribe's gift — $30 million — will support the construction of a new computer science building that will serve as a hub for cutting-edge research and an incubator for innovation in the areas of virtual reality, augmented reality, computer vision, robotics, and future computing platforms. In recognition of the largest gift in the university's history, the center will be named the Brendan Iribe Center for Computer Science and Innovation. The remaining $1 million will establish the Brendan Iribe Scholarship in Computer Science.
The gift from fellow alumnus Antonov will support construction of the computer science center ($3.5 million) as well as scholarships ($500,000). Elizabeth Iribe's gift will establish two endowed chairs in the Department of Computer Science.
"The transformative vision and support of Brendan, together with the exceptional commitment of his mother, Liz, and his UMD classmate Michael, will create a unique space where students from all disciplines can imagine, build, collaborate, and succeed together," said the university's president, Wallace Loh. "This is truly a space that will mold future innovators and entrepreneurs and spark economic vitality in Maryland and beyond."