The gift from the widow of John Anderson, for whom the school is named, includes $60 million to establish an endowment for financial aid, faculty stipends, and research and $40 million in support of a new building that will be built next door to the school's current complex. In 1987, John and Marion Anderson contributed $15 million to the school. The new gift boosts their total giving to UCLA to $142 million.
Marion Anderson is chair of Topa Equities, a holding company founded by her husband that owns and operates several businesses involved in agriculture, insurance, real estate, beverage distribution, and automotive dealerships. John Anderson graduated from UCLA in 1940; he died in 2011 at the age of 93.
"Like my late husband, I take enormous pleasure in furthering the school’s impact on the lives of future global leaders, in advancing the practice of management through faculty research, and in facilitating access to a world-class learning opportunity for students from all walks of life," Anderson said. "UCLA Anderson has adopted an innovative financial model that depends on private giving. I hope my gift will inspire others to join me and my family in making significant philanthropic investments in UCLA Anderson and UCLA, and in future generations of students and faculty."