April 25 (Bloomberg) -- The UCLA Anderson School of Management received a $25 million donation, the biggest in its 75-year history, from John E. and Marion Anderson.
The gift will be used to build the business school’s endowment and to support academic programs, faculty research and financial aid to attract the best students, according to a statement today.
The Andersons have donated almost $42 million to the school since 1987, according to the statement. That year, it was renamed in their honor in recognition of the couple’s initial gift of $15 million, said Allison Holmes, a spokeswoman for the school.
“Their lifelong philanthropy will have an indelible impact on our campus -- and the opportunities we provide for our outstanding faculty and students -- for generations to come,” UCLA Chancellor Gene Block said in the statement.
John Anderson received his bachelor’s degree in business administration from UCLA in 1940. He went on to get an MBA from Harvard Graduate School of Business, in Boston, and a law degree from Loyola University School of Law, in Los Angeles.
Anderson is president of Topa Equities Ltd., which owns more than 42 businesses involved in agriculture, insurance, real estate, wholesale beverage distribution and automotive dealerships, according to the statement. Marion Anderson is vice chair of the company.
The Anderson School’s alumni include Laurence Fink, chairman and chief executive officer of New York-based BlackRock Inc., and Alan Buckelew, president and CEO of Princess Cruises Inc., based in Los Angeles, according to its website.
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