Charles Munger, the vice-president of Berkshire Hathaway Inc., donated over $65 million in stocks to the University of California in Santa Barbara. It's the largest individual gift to UCSB ever, beating the previous record $50 million in 2012. The university doesn't quite understand the concept of "holding stocks" so it immediately converted them to cash.
Munger wants the money to be used to house visiting theoretical physicists – probably to build a new dormitory for guests. He is impressed by the achievements of the physicists over there.
I have been to Santa Barbara about five times – and one of the visits was half a year long. That was in H1 of 2001 when I had to pay an acceptable rent as a lodger; maybe grad students on similar programs may be covered today. ;-) It is of course a wonderful place. It's also true that the people have made great contributions to physics.
This comment is particularly true when it comes to string theory. UCSB isn't an Ivy League school and most people wouldn't count it in their top ten but its contributions to string theory almost certainly place it in top 5, especially due to its (and [K]ITP's) crucial role in the early stages of the Second Superstring Revolution. I've heard quite some things about the lunch conversations of Andy Strominger and Joe Polchinski etc. – they would be good enough for a movie.
I think that the gift is very large, from both perspectives. On the recipient side, it may encourage quite some interactions among the physicists. On the donor side, the gift is equal to 6% of Munger's wealth – or 650 years of his salary. That's a lot; most people don't even work for 650 years. Bloggers in California may forget to thank him but I won't: thank you very much, Mr Munger!