UCLA Receives $100 Million for Anderson School of Management

UCLA Receives $100 Million for Anderson School of Management

The University of California, Los Angeles has announced a $100 million gift from longtime supporter Marion Anderson in support of the Anderson School of Management.

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."

"Marion Anderson Donates $100 Million to UCLA Anderson School of Management." University of California, Los Angeles Press Release 05/13/2015.