With the goal of encouraging others to come to the proverbial table and endow faculty chairs in UCLA Samueli School of Engineering, the Samueli Foundation, created by Susan and Henry Samueli, has given $10 million to establish as many as 20 chairs.
A Gift for Growth
The matching gift followed the school’s recently announced plan to expand by 50 faculty members and 1,000 students over the next five to seven years. It offers a dollar-for-dollar match for donations toward the establishment of endowed chairs. For example, it will make it possible for other donors to sponsor permanent chairs in the name of their choosing and to support faculty research in an area of interest to them with a gift of $1 million. The Samueli Foundation will match the gift to reach the $2 million total needed to fund the chair. Similarly, a term chair, an endowed position given to the chair holder for a specific period of time, normally requires a $1 million gift but with this matching challenge can be made for $500,000, which the foundation will match.
Spurring the School’s Success
The engineering school — among the top in the world — is named for Henry Samueli, co-founder of semiconductor firm Broadcom Corporation, to recognize a $30 million gift from the foundation in 1999. With this recent contribution, the Samuelis continue to give back to push UCLA forward and encourage others to join them.
Published September 2016