The UCLA Anderson School of Management yesterday announced the biggest financial gift in the school’s history. The $100 million gift comes 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 business school 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.
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