Anderson Receives $100 Million Gift
The following post has been republished in its entirety from original source clearadmit.com.
The UCLA Anderson School of Management has received the biggest financial gift in the School’s history. The school received the $100 million gift from Marion Anderson, the widow of the management school’s namesake, billionaire businessman and UCLA alumnus, John Anderson. $60 million of the gift will go toward establishing an endowment for financial aid, faculty stipends and research. The remaining $40 million will go toward covering almost half of the cost for a new building projected to be built next to the current complex.
In addition to being the largest gift for the School of Management to date, it is also among the largest donations in UCLA history. The donation will help with UCLA’s campaign to raise $4.2 billion by 2019. Mrs. Anderson donated the money to help maintain the school, which has become mainly self-supporting and no longer receives state funds for master’s degree programs.
“Like my late husband, I take enormous pleasure in furthering the school’s impact on the lives of future global leaders, in advancing the practice of management through faculty research and in facilitating access to a world-class learning opportunity for students from all walks of life,” Anderson said. “UCLA Anderson has adopted an innovative financial model that depends on private giving. I hope my gift will inspire others to join me and my family in making significant philanthropic investments in UCLA Anderson and UCLA, and in future generations of students and faculty.”
The Anderson School of Management was named after John Anderson in 1987 after the couple donated $15 million to the school. To date, the Andersons have given $142 million to the school of management.
UCLA Anderson School of Management provides management education to some 1,600 students enrolled in full-time, part-time and executive MBA programs and doctoral programs. The school offers a full-time, two year MBA program, as well as a part-time MBA, Executive, and Global Executive MBA programs. More information on the UCLA Anderson School of Management can be found at metromba.com.