The Rady School of Management at the University of California, San Diego announced Wednesday it received a charitable gift of $5 million from Tanya and Charles Brandes of Rancho Santa Fe.
The Brandes’ gift establishes the couple as founder-level donors for the school. A portion of the Brandes contribution has been designated to an endowment fund, with plans for the fund focused initially on student fellowships to provide financial support for exceptional Rady School MBA students.
“The Brandes Fellowships will provide financial assistance to outstanding individuals who otherwise might not be in a position to pursue their MBA degrees,” said Rady School Dean Robert S. Sullivan. “Attracting such excellent students to the Rady School is a top priority. We are deeply appreciative of the Brandes' support and their involvement in building our school.”
The mission of The Tanya and Charles Brandes Foundation is to provide support for the arts, science, education and community leadership. Tanya Brandes serves as the president of the foundation, providing oversight and strategic direction. She holds an undergraduate degree from the University of Southern California and a medical degree from Stanford University School of Medicine. She worked in emergency medicine and continues to be involved in providing charity medical services in Papua New Guinea, Africa and other developing nations.
Charles H. Brandes is a graduate of Bucknell University. He founded San Diego-based Brandes Investment Partners in 1974. The firm has offices in Toronto and Geneva.
The Rady School has raised $78 million in gifts since its founding four years ago. Private support has allowed the school to build new facilities, provide fellowship funding for students, support endowed chairs for faculty and expand program offerings.
Other Rady School founders include Roberta and Malin Burnham, Pauline and Stanley Foster, Joan and Irwin Jacobs, Evelyn and Ernest Rady and the Rady Family Foundation and Carol and Bill Stensrud. Each invested substantially to support Rady School initiatives.