UCLA's Anderson School of Management will receive $100-million donation from the widow of its namesake, businessman John Anderson.
Marion Anderson made the donation as the UCLA business school has become mainly self-supporting; it no longer receives state funds for master's degree programs and relies more heavily on donors.
The gift will be split: $60 million will establish an endowment for financial aid, faculty stipends and research, and the remaining $40 million will go toward about half the cost of a new building projected to be built next door to the current complex.
It is important to have the best faculty we can possibly have and to give our students the best education they can have.
- Marion Anderson
The Anderson gift, among the largest donations in UCLA history, will also help with UCLA's campaign to raise $4.2 billion by 2019, the centennial of the university's founding. With the new gift, UCLA has received about $1.9 billion in donations and pledges.
For more information see the article in the LA Times
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