A $300,000 Endowment in UCR School of Business to Benefit Graduate Students

An image of the UCR School of Business building.

The gift will support students in the UCR Anderson Graduate School of Management pursuing a graduate degree in Accounting.

RIVERSIDE, Calif. (www.ucr.edu) — A Trustee of the UC Riverside Foundation and his wife have committed funds to create the single largest endowed scholarship fund in the UCR School of Business. The Riverside couple’s contributions total $150,000, which will be matched through the Anderson Matching Fund Initiative, creating a total endowed value of $300,000.

The couple established the C.L. Endowed Graduate Award Fund with an initial pledge of $60,000. In addition, they contributed the balance of two planned gifts that paid them life income, producing another $90,000 for the endowment. The couple generously relinquished their income interest in these two vehicles in order to benefit students sooner.

In addition to the graduate award at UCR, the donors have also pledged $50,000 to endow a scholarship for students transferring from Riverside City College to UCR to study mathematics or business.

As a longtime professional acquaintance of A. Gary Anderson, the trustee-donor has always admired the great generosity of Mr. Anderson and the Anderson family and their ongoing commitment to giving back to the community. Their example, along with the matching fund initiative by the Anderson Family Foundation, was a source of inspiration to establish this endowment. Supporting students in the California higher education system was also a way for the donors to show their appreciation for an education that put them on the path to success.

The donors have asked to remain anonymous. The fund will support students in the UCR Anderson Graduate School of Management pursuing a graduate degree in Accounting.

Both members of the couple are also first-generation immigrants who have lived in the region for nearly 50 years. Being a foreigner in California, the trustee-donor recalls that he was warmly welcomed by the community and benefited greatly from their support.

“We are both first-generation graduates of California State universities. We benefited from an excellent education system that helped us achieve so much,” a member of the couple said.  Upon graduation, he built his entire professional career in the Inland Empire for more than 40 years. “Now, we have the opportunity to give back and help other students receive the same benefit of a world-class education.”

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