The University of Virginia School of Law has announced a $25 million gift from alumni Martha ('81) and Bruce ('80) Karsh.
Combined with $18.9 million in matching funds from UVA's board in the Karshes' name, the gift constitutes the largest commitment to UVA Law in the school's nearly two-hundred-year history. The funds will be used to establish the Karsh Center for Law and Democracy, which will support interdisciplinary programming and symposia focused on respect for the rule of law, civic engagement, civil discourse, and the ideals of a plural society; endow professorships for faculty affiliated with the center; and fund the school's premier scholarship program, which provides full tuition and fees for all three years of study and will be renamed the Karsh-Dillard Scholarships.
Bruce Karsh, co-founder, co-chair, and chief investment officer of Los Angeles-based Oaktree Capital Management, and Martha Karsh, who co-manages the Karsh Family Foundation, previously helped fund the Karsh Student Services Center at UVA Law. They also are minority owners of the NBA's Golden State Warriors.
"Education is the foundation of a healthy, thriving democracy," the couple said in a joint statement. "We want to empower students to pursue their goals as knowledgeable, engaged citizens, and we want democratic principles to flourish for the good of society. The University of Virginia, established by one of our most respected Founding Fathers and devoted as it is to honor and truth, makes it the perfect place to do both."