UCR Business School Receives $2.5 Million Gift

Money from the A. Gary Anderson Family Foundation will create endowed chairs for faculty members and scholarships for local graduate students

Jeff Kaatz, Kim Wilcox, Gary Lastinger, Erin Lastinger, Samantha Anderson, Erik Anderson and Yunzeng Wang stand side by side at the Victoria Club on Nov. 13, 2014

From left, UCR Assistant Vice Chancellor for Development Jeff Kaatz, UCR Chancellor Kim Wilcox, Gary Lastinger, Erin Lastinger, Samantha Anderson, Erik Anderson and UCR School of Business Administration Dean Yunzeng Wang. The Andersons and Lastingers are affiliated with the A. Gary Anderson Family Foundation.

RIVERSIDE, Calif. (www.ucr.edu) — 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.

“The history of support from the Anderson family has helped us become a top business school,” said Yunzeng Wang, dean of the School of Business Administration. “This latest gift will make us even better and allow us to expand our reach regionally, nationally and internationally.”

Yunzeng Wang speaks at gala event at Victoria Club on Nov. 13, 2014.

Yunzeng Wang, dean of the School of Business Administration.

Erik Anderson, president of the A. Gary Anderson Family Foundation, looks forward to seeing the School of Business Administration increase its stature.

“With this latest gift we are looking to help the school recruit top-tier faculty members and top local students,” Anderson said. “Our continued investment in the school’s strategic vision is an integral part of the commitment of our foundation to the people in Inland cities.”

While the latest A. Gary Anderson Family Foundation gift is for $2.5 million, it has potential philanthropic impact of almost $5 million.

The family foundation committed $1.5 million to create three A. Gary Anderson Endowed Presidential Chairs for faculty members. That money would be matched with another $1.5 million courtesy of program announced in July by UC President Janet Napolitano that matches funding for endowed chairs.

These endowed chairs will be used by AGSM to attract highly qualified professors as the school seeks to nearly double its tenure-track faculty to 50. Areas of growth include entrepreneurial leadership, supply chain management and logistics, accounting, marketing and finance.

UCR Chancellor Kim Wilcox talks with Erik and Samantha Anderson Nov. 13, 2014 at the Victoria Club.

UCR Chancellor Kim Wilcox talks with Erik and Samantha Anderson.

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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