The A. Gary Anderson Family Foundation announced Thursday it is giving $2.5 million to the University of California, Riverside School of Business Administration to create three endowed chairs for faculty members and provide scholarships for graduate students from Inland Southern California.
The gift is the latest show of support from the A. Gary Anderson Family Foundation, and was announced at a gala Thursday (Nov. 13) at the Victoria Club in Riverside that celebrated the 20th anniversary of the naming of The A. Gary Anderson Graduate School of Management (AGSM). The foundation has made previous gifts exceeding $8 million.
Donations toward education are great examples of Seizing Our Destiny intelligent growth pillar by not only embracing the growth of the business school, but the entire Riverside economy.
The family foundation is also providing $1 million for AGSM Scholars Initiative, a scholarship program that will increase the enrollment of Inland Southern California students pursuing graduate degrees. Up to 85 percent of that money may be used as matching funds to attract new philanthropic support. That could mean an additional $850,000.
The remaining $150,000 will be used for outreach activities, such as the financial literacy component for area high school students attending UC Riverside’s annual economic forecast conference.
The gift will help the A. Gary Anderson Graduate School of Management meet its goal of being ranked among the top 50 business schools in the nation.
Leading up to 2020, the school plans to continue to increase graduate school enrollment, which has grown from 150 to 300 in just the past three years; increase the size and enhance the quality of its faculty; and launch research centers in areas including entrepreneurial leadership, economic forecasting and supply chain management and logistics.
To accommodate current and future growth, the School of Business Administration is beginning a feasibility study for a new building to house its programs.
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