Local philanthropist Ernest Rady has pledged to donate $1 for every 60 cents raised by The Rady School of Management at UC San Diego for fellowships, up to $1 million, the school announced Monday.
The gift will fund fellowships that will help attract M.B.A. students. Fellowships provide merit-based funding for talented students interested in attending the Rady School.
“Ernest Rady’s generosity will enable the Rady School to compete with other top-tier business schools for the best and brightest M.B.A. students,” said Rady School Dean Robert S. Sullivan. “Without these fellowships, this type of student recruitment would not be possible. Attracting an even greater number of talented students to the Rady School enhances the learning experience and success of all of our students.”
Fellowships provide support that enables candidates to select the Rady School over peer campuses vying for their enrollment, and relieves some of the financial burden allowing students the freedom to capitalize on internships and independent study projects that enhance learning and advance their careers.
“Dean Sullivan has been a visionary leader for the Rady School and from the beginning, he has been focused on attracting the finest students to the school,” Rady said. “This donation was made to help further the goals of Dean Sullivan and the Rady School to remain competitive among other elite M.B.A. programs across the globe.”
Rady serves as executive chairman of the board for American Assets Trust (NYSE: AAT), a publicly traded real estate investment trust that was formed in 2011 from the real estate business of American Assets Inc., a company he founded in 1967. Rady is also chairman and founder of ICW Group and the founder of several other successful companies.
Rady is known for his philanthropic work, which has been primarily focused on education, the health and well-being of children and scientific research. UC San Diego’s School of Management was also renamed Rady School of Management in 2004 due to his leadership, vision and financial contribution.
For more information about supporting the Rady School of Management, visit rady.ucsd.edu/invest/give.
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