Stanford GSB | Mr. Rocket Scientist Lawyer
GMAT 730, GPA 3.65 Cumulative
Darden | Mr. Federal Consultant
GMAT 780, GPA 3.26
INSEAD | Mr. Consulting Fin
GMAT 730, GPA 4.0
Duke Fuqua | Mr. Enlisted Undergrad
GRE 315, GPA 3.75
INSEAD | Ms. Hope & Goodwill
GMAT 740, GPA 3.5
Stanford GSB | Mr. Navy Officer
GMAT 770, GPA 4.0
Harvard | Mr. Milk Before Cereals
GMAT 710, GPA 3.3 (16/20 Portuguese scale)
Chicago Booth | Mr. Guy From Taiwan
GRE 326, GPA 3.3
Darden | Mr. Leading Petty Officer
GRE (MCAT) 501, GPA 4.0
Harvard | Mr. Sales To Consulting
GMAT 760, GPA 3.49
Tuck | Mr. Consulting To Tech
GMAT 750, GPA 3.2
Columbia | Mr. NYC Native
GMAT 710, GPA 3.8
Tepper | Mr. Leadership Developement
GMAT 740, GPA 3.77
Harvard | Ms. Athlete Entrepreneur
GMAT 750, GPA 3.3
Darden | Mr. Stock Up
GMAT 700, GPA 3.3
Darden | Mr. Education Consulting
GRE 326, GPA 3.58
Harvard | Ms. Ambitious Hippie
GRE 329, GPA 3.9
Stanford GSB | Mr. Classic Candidate
GMAT 760, GPA 3.9
Stanford GSB | Mr. Unrealistic Ambitions
GMAT 710, GPA 2.0
Stanford GSB | Mr. Equal Opportunity
GMAT 760, GPA 4.0
Tuck | Mr. Over-Experienced
GRE 330, GPA 3.0
HEC Paris | Mr. Indian Entrepreneur
GMAT 690, GPA 2.1
Chicago Booth | Mr. Community Uplift
GMAT 780, GPA 2.6
UCLA Anderson | Mr. Worldwide
GMAT 730, GPA 3.1
Wharton | Mr. LatAm Indian Trader
GMAT 720, GPA 3.5
Wharton | Mr. MBB to PE
GMAT 740, GPA 3.98
Harvard | Mr. MBB Aspirant
GMAT 780, GPA 3.7

UCLA B-School Gets $100 Million Gift

UCLA Anderson Dean Judy Olian (left) with benefactor Marion Anderson

UCLA Anderson Dean Judy Olian (left) with benefactor Marion Anderson

UCLA’s Anderson School of Management today (May 14) announced the largest gift in its history: $100 million from long-time supporter Marion Anderson. The pledge by Anderson, wife of the late John Anderson for whom the school is named, is the sixth largest ever to a business school.

The school said that the majority of the donation–some $60 million–will be used to establish an endowment to support priorities such as student financial aid and fellowships, faculty and research funding, and program innovations to prepare future graduates for leadership positions. The remaining $40 million will provide seed funding for a new building with what the school called “technology-enhanced classrooms and spaces that connect students with faculty and alumni.” The new building also will house research centers and faculty.

With the most recent gift, the Andersons have donated $142 million to UCLA’s business school which was named after Marion’s husband in 1987 in recognition of the first gift from them. A self-made entrepreneur, John Anderson was the son of a barber in Minneapolis, where he sold popcorn in front of his father’s shop as a boy. The valedictorian of his high school class, Anderson arrived in Los Angeles in 1936 with a hockey scholarship to UCLA. He earned a bachelor’s degree in business administration at UCLA in 1940 and and then earned an MBA from Harvard Business School.

With his MBA in hand, Anderson eventually founded Topa Equities, which owns and operates numerous businesses involved in agriculture, insurance, real estate, beverage distribution and automotive dealerships. He died a billionaire in 2011 at the age of 93. The Andersons’ two sons graduated from UCLA, William from the law school and John from the business school.

GIFT MADE IN WAKE OF UNIVERSITY APPROVAL TO TURN MBA INTO A SELF-SUPPORTING PROGRAM

The gift is the second $100 million pledge to a California business school this year. In early April, billionaire philanthropist Ernest Rady gave UC-San Diego’s Rady School of Management $100 million to help attract high-caliber faculty to the school that already was named for him. Only three other donors to business schools have given more than $142 million, the largest being a $300 million pledge in 1997 to the University of Chicago’s Booth School of Business from alumnus David Booth.

Anderson’s donation comes at a crucial time for the school and Dean Judy Olian. Nearly two years ago, Dean Olian won approval to turn the school’s full-time MBA program into a self-supporting program. Its executive MBA programs, the part-time MBA program, and a Master’s in Financial Engineering already had been self-supporting. In a video conversation between Olian and Marion Anderson, Anderson made it clear that part of the reason for her gift was the school’s self-supporting decision. “I’m hoping this will motivate enough people to also give,” she said. “It doesn’t matter what the size of the gift is so long as they do make a gift.”

“We are eternally grateful for Marion’s extraordinary generosity, which raises to new heights her commitment to UCLA Anderson and to the entire campus,” said UCLA Chancellor Gene Block in a statement. “Marion’s most recent gift will enhance learning opportunities for generations of students and support scholarship by faculty who are leaders in their fields. As UCLA Anderson expands its reach and distinctions, Marion’s gift provides the resources — both financial and physical — to realize an ambitious vision.”

Largest Gifts To Business Schools

 

SchoolAmountDonorYear
Chicago’s Booth School of Business$300 millionDavid Booth1997
Michigan’s Ross School of Business$200 millionStephen Ross2004, 2013
Stanford Graduate School of Business$150 millionRobert & Dorothy King2011
UCLA Anderson School of Management$142 millionJohn & Marion Anderson1987, 2011, 2015
Carnegie Mellon’s Tepper School of Business$122 millionDavid Tepper2004, 2013
Stanford Graduate School of Business$105 millionPhilip Knight2006
UC-San Diego$100 millionErnest Rady2015
Columbia Business School$100 millionRonald Perelman2013
Columbia Business School$100 millionHenry Kravis2010
Cornell’s Johnson Graduate School$80 millionDavid Atkinson2010
Florida’s Warrington College of Business$75 millionAl & Judy Warrington2014
Hawaii’s Shidler College of Business$69 millionJay Shidler2014
Virginia’s Darden School of Business$62 millionFrank Batten1999
Northeastern’s D’Amore-McKim School$60 millionRichard D’Amore & Alan McKim2012
Thunderbird School of Management$60 millionSam & Rita Garvin2004
Boston University’s Questrom School$50 millionAllen & Kelli Questrom2015
Tennessee’s Haslam College of Business$50 millionJim Haslam & family2014
Georgia Tech’s Scheller College$50 millionErnest Scheller2012
Harvard Business School$50 millionTata Group2010
Yale School of Management$50 millionNed Evans2010
Arizona State’s Carey School of Business$50 millionWilliam Carey2003
Texas’ McCombs School of Business$50 millionRed McCombs2000
Arkansas’ Walton College of Business$50 millionThe Walton Family1998

Source: AACSB

About The Author

John A. Byrne is the founder and editor-in-chief of C-Change Media, publishers of Poets&Quants and four other higher education websites. He has authored or co-authored more than ten books, including two New York Times bestsellers. John is the former executive editor of Businessweek, editor-in-chief of Businessweek. com, editor-in-chief of Fast Company, and the creator of the first regularly published rankings of business schools. As the co-founder of CentreCourt MBA Festivals, he hopes to meet you at the next MBA event in-person or online.