UCLA School of Law receives $10-million gift from Lowell Milken
Education reform advocate and philanthropist Lowell Milken has given the UCLA School of Law a $10-million gift, the largest single gift in the school’s history and capstone of the school’s five-year, $100-million fundraising initiative.
The money will establish the Lowell Milken Institute for Business Law and Policy, which UCLA officials said was the result of a three-year effort by law school leaders and Milken to create business and law initiatives that focus on innovative research, problem-solving and hands-on skills training.
"In line with the goals of the Campaign for UCLA Law, Lowell's generosity will enable us to initiate a range of curricular innovations, further critical research and provide financial support for students, who will become our nation's future leaders in business law and policy," UCLA Law School Dean Rachel Moran said in a statement.
The gift also propels the school past its goal of raising $100 million in five years, bringing the total amount to $103 million, law school spokeswoman Lauri Gavel said.
“At a time when our state's great universities are under significant financial pressure and constraints, it is incumbent upon those of us who benefited greatly from our educational experiences within the UC system to help support the outstanding work of these universities," Milken said in a statement.
Milken, who earned his law degree from UCLA in 1973, is the chairman and co-founder of the Milken Family Foundation, a private foundation focused on education. He also is the co-founder of Knowledge Universe, a Singapore-based company focused on early childhood education.
-- Kate Mather
Photo: Lowell Milken talks with Maywood Elementary School students during an assembly in November. Credit: Brian van der Brug / Los Angeles Times