Tuesday, August 9, 2011

UCLA School of Law receives $10-million gift from Lowell Milken

Lowell Milken talks with Maywood Elementary School students during an assembly to award $25,000 Milken Educator Award on Nov. 17, 2010

Education reform advocate and philanthropist Lowell Milken has given the UCLA School of Law a $10-million gift, the largest single gift in the school’s history and capstone of the school’s five-year, $100-million fundraising initiative.

The money will establish the Lowell Milken Institute for Business Law and Policy, which UCLA officials said was the result of a three-year effort by law school leaders and Milken to create business and law initiatives that focus on innovative research, problem-solving and hands-on skills training.

"In line with the goals of the Campaign for UCLA Law, Lowell's generosity will enable us to initiate a range of curricular innovations, further critical research and provide financial support for students, who will become our nation's future leaders in business law and policy," UCLA Law School Dean Rachel Moran said in a statement.

The gift also propels the school past its goal of raising $100 million in five years, bringing the total amount to $103 million, law school spokeswoman Lauri Gavel said.

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