The University of California, Los Angeles has announced a $10 million challenge gift from the Samueli Foundation to establish up to twenty endowed faculty chairs in its Henry Samueli School of Engineering and Applied Science.
The gift will provide a dollar-for-dollar match for gifts toward the establishment of endowed chairs, making it possible for other donors to sponsor a permanent chair in the name of their choice with a gift of $1 million, which would be matched by the foundation for the $2 million total needed to fund the chair. The gift from the foundation follows the school's recently announced plan to expand by fifty faculty members and a thousand students over the next five to seven years.
The foundation was created in 1999 by Henry Samueli, co-founder of global semiconductor firm Broadcom Corp., and his wife, Susan. Henry Samueli earned three degrees from UCLA Engineering — a bachelor's degree in 1975, a master's degree in 1976, and a doctorate in 1980.
"The Samueli Foundation gift reflects the best of UCLA: dedicated alumni working with today's campus leaders to ensure a bright future for the university," said UCLA chancellor Gene Block. "The Samueli family's profound commitment to UCLA and to engineering education will benefit our students, faculty and society for generations to come."