UCLA Anderson School of Management receives $25 million
The UCLA Anderson School of Management will receive a $25-million gift from alumnus John Anderson, a Los Angeles entrepreneur, and his wife, Marion -- the largest donation in the business school's history.
The school already bears Anderson's name after a 1987 donation from him of $15 million, then the largest gift by an individual to that institution. Over more than two decades, the Andersons have donated almost $42 million to the school.
"This remarkable gift will enable us to chart the future by investing in a broad range of strategic initiatives, including research that advances management thinking and practice, curriculum initiatives that prepare our students to become global leaders, and student support that attracts the most talented candidates from around the world," UCLA Anderson Dean Judy Olian said in a statement.
Anderson graduated with a bachelor's degree from UCLA in 1940. He later earned a MBA from Harvard University and a law degree from Loyola University in Los Angeles.
He co-founded a law firm with another UCLA alumnus that has since closed its doors, and in 1956 he started Ace Beverage with exclusive rights to distribute Budweiser in Los Angeles. He is the longtime owner of Topa Equities, a privately held company based in Los Angeles with dealings that include real estate and beer distribution.
Anderson was ranked No. 189 in Forbes Magazine's 2006 list of the 400 richest Americans, with an estimated net worth of more than $1.9 billion.
"I was very lucky to come to UCLA on a scholarship, and I've never forgotten that," Anderson said in the statement. "The lessons and values I learned while attending UCLA shaped my thinking ... and helped build my business reputation."
The Andersons' previous donations have established two professorships in their name and helped fund a building for the graduate business school.
-- Shan Li