Dive Brief:

• Two of the better-known names in the food industry are building their legacies by funding major research efforts associated with universities.
• Dole Food's David Murdock has pledged to donate $15 million a year to the David H. Murdoch Research Institute he founded. The institute, used by seven North Carolina schools, supports research in nutrition and life extension. 
• Notre Dame University has announced it is creating the Donald R. Keough School of Global Affairs, named after the retired president and COO of Coca-Cola. The school will conduct research on peace, international development, and human rights. Keough and his wife have donated $30 million to the school.

Dive Insight:

Both Murdock and Keough are at stage in their lives where it's time to consider their legacy. And it seems that both of them are spending their fortunes on giving younger people a chance at better lives.