NET WORTH: $3 billion
SOURCE OF WEALTH: Former CEO of Pharmacyclics, Founder of Robert W. Duggan & Associates
FUNDING AREAS: Higher Education, Health (Drug Rehabilitation)
OVERVIEW: Robert Duggan and his wife Patricia have been strong supporters of UCSB, where they met. Duggan has served on the board of trustees of the UC Santa Barbara Foundation since the late 1980s. The couple has a philanthropic vehicle, the Bob and Trish Duggan Foundation, which appears to be newly minted, and also has no money moving out of the door as of 2013 tax records. It's worth noting that Duggan is perhaps the Church of Scientology's largest donor, having given the church some $20 million over the years.
BACKGROUND: Robert "Bob" Duggan attended the University of California Santa Barbara and the University of California Los Angeles. Duggan is the founder of a venture capital and securities investment firm, Robert W. Duggan & Associates. He's the former CEO of cancer drug maker Pharmacyclics, served as director of Intuitive Surgical, originally called Computer Motion, which revolutionized computer-aided and robotic surgery. Duggan's passion for investing started in a corporate finance class he took at UCSB. Duggan recently joined the Forbes billionaire list thanks to the success of Imbruvica, a treatment for chronic lymphocytic leukemia that continues to bolster Pharmacyclics' stock.
HIGHER EDUCATION: Duggan and Trish have supported UCSB, the school where they both met as students. Duggan has been on the board of trustees of the UC Santa Barbara Foundation since 1989. It's unclear exactly how much money the couple has given the school over the years, but UCSB is the site of, among other things, the Robert and Patricia Duggan Chair in Organic Chemistry Chemistry. The couple has also supported athletic scholarships, supported the creation of a Tibetan Buddhist chair, and the family also funded a dedicated room with 5,000 Buddhist sutras at the UCSB library.
HEALTH: The Duggans have supported the Foundation for a Drug Free World, a group established by the Church of Scientology, which provides "youths and adults with information so they can make informed decisions and live free of harmful drugs."
SANTA BARBARA COMMUNITY: Trish has an arts background and traveled to Tibet with the curator of Oriental art at the Santa Barbara Museum of Art. This explains that gift to UCSB. Apart from that work, the couple has been involved with the board of the Santa Barbara Art Museum and Santa Barbara Symphony.
OTHER: Duggan has given the Church of Scientology, of which he is a member, some $20 million over the years, making him the church’s largest financial supporter as of 2013, according to Mark Rathbun, former inspector general of Scientology. Support has also gone to literacy efforts. Duggan also recently joined a group of funders and foundations supporting a $1 million Global Change the World Social Entrepreneurs competition.
LOOKING AHEAD: Duggan is in his early 70s, and only recently appears to have created a proper charitable vehicle. But now that he's become a billionaire, perhaps the couple's philanthropy will ramp up.
The Bob and Trish Duggan Foundation provides contact information, but no money appears to be moving out of the door:
The Bob and Trish Duggan Foundation
1932 Emerson St.
Palo Alto, CA 94301