Yurie Systems founder giving $5 million to UM

Maryland Watch

September 19, 1998

Jeong H. Kim, founder of the Landover-based telecommunications equipment firm Yurie Systems Inc., has pledged a $5 million gift to the University of Maryland's A. James Clark School of Engineering.

Kim, whose company was acquired by Lucent Technologies Inc. in May for $1 billion, received an engineering doctorate from the university in 1991. His donation is to provide money for student scholarships, five new endowed professorships and operational support at a new engineering and applied sciences building.

In recognition of the gift, the university's administration will recommend to the Board of Regents that the new building, which is scheduled to be completed in 2002, be named the Jeong H. Kim Engineering Building.

U.S. News & World Report ranked the Clark School's graduate programs 13th in the nation this year, up from 18th last year.

"Jeong's generous financial commitment in the critical area of information technology will greatly assist us in our drive to produce the best engineers and the best engineering research in the nation," said the school's dean, William Destler.

Pub Date: 9/19/98

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