UCSB Receives 1,800 Acre Donation
Las Varas Ranch (courtesy photo)
By edhat staff
Philanthropist Charles T. Munger has donated his 1,800-acre Las Varas Ranch to UC Santa Barbara (UCSB).
On Tuesday, UCSB officials announced they have received formal approval from the UC Regents to acquire the agricultural property located six miles west of the campus. The ranch extends from the Pacific Ocean to Los Padres National Forest.
“The is a great visionary gift to our campus from philanthropist Charles T. Munger, who is interested in the long-term benefit it can provide to UC Santa Barbara,” said UC Santa Barbara Chancellor Henry T. Yang.
“We are immensely fortunate to have been entrusted with this ‘coastal jewel,’ which includes two miles of coastline,” he continued. “With more than 500 acres of pastureland, an 18-acre lake and fruit orchards, the land offers rich agricultural resources and exceptional educational opportunities.”
Yang continued to state, "for a long time, UC Santa Barbara will maintain the property in its current state as a working ranch."
Previously, in 2014, Munger designed and funded the Charles T. Munger Physics Residence, a living and collaborative environment for UCSB’s Kavli Institute for Theoretical Physics.
“We are enormously grateful to Charlie Munger for blessing our campus with this fabulous gift that will benefit our university for generations to come,” said Yang. “This is much more than just a gift of land, but rather a living legacy, a vision for the long-range future of our campus.”
Yang stated he will consult with the campus community and local community on the future vision of this working ranch.