there were several major gifts to cornell tech. the largest was a $350 million gift from atlantic philanthropies, founded by charles feeney (cornell class of 1956), the owner of duty free shops. there was also a $133 million gift by qualcomm founder irwin m. jacobs (cornell class of 1954, bee class of 1956) and his wife joan (cornell class of 1954). in addition, verizon communications provided $50 million for an executive education center, and bloomberg philanthropies provided a $100 million gift. as part of bloomberg philanthropies' gift, the main academic building was renamed after the daughters of former mayor bloomberg, who was also the head of the foundation. finally, robert frederick smith, of the cornell class of 1985, provided some funds to provide scholarships for students who are ethnic- and racial-minorities, part of the undergrad engineering program, and studying to be in the engineering field.