Shostack gives $10 million to endow Project X fund, giving freedom to ‘tinkerers’

June 16th, 2011 / Advancement

Seeking to provide "tinkerers" with freedom to explore hunches and passions, businesswoman and philanthropist Lynn Shostack has given $10 million to permanently endow the Project X innovation fund in Princeton University's School of Engineering and Applied Science.

Project X, which had been running as a pilot program for two years, provides small but critical amounts of money to engineers who wish to pursue projects that may be outside their formal area of expertise or are too speculative to attract conventional funding.

Shostack, whose late husband David Gardner was a member of Princeton's class of 1969, previously endowed the University's David A. Gardner Magic Project, which continues to fund creative endeavors in the humanities.

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