The University of Southern California has announced a $10 million gift from alumnus and board trustee William J. Schoen and his wife, Sharon, to support veterans attending the university.
The gift will be added to the Schoen Family Scholarship Program for Veterans Endowment, which has provided $1.2 million in scholarships to 173 USC students since it was established in 1986. The funding will be used to provide aid to veterans studying at USC's Marshall School of Business and Viterbi School of Engineering.
Schoen was as a member of the U.S. Marine Corps in Korea from 1953 to 1956 — an experience that inspired him to continue his education. He received a BS ('60) and MBA ('63) from USC and later served as president, CEO, and chairman of Florida-based Health Management Associates. Over the years, he and his wife have contributed a total of $16 million to the school.
"The Schoens' longstanding dedication to our nation's military veterans will always inspire the USC community," said USC president C.L. "Max" Nikias. "The Schoens understand that these brave service members have contributed so much to our country's collective security, and deserve a world-class education — one that matches their world-class courage."