Real estate investor and philanthropist Ernest Rady will provide up to $1 million to his namesake School of Management at UC San Diego, the university announced today.
For every 60 cents raised by the Rady School of Management to fund fellowships that attract Master's of Business Administration students, he will give $1 -- up to $1 million.
The fellowships provide merit-based funding for students interested in attending the school.
"Ernest Rady's generosity will enable the Rady School to compete with other top-tier business schools for the best and brightest MBA students," said Rady School Dean Robert S. Sullivan.
"Without these fellowships, this type of student recruitment would not be possible," he said. "Attracting an even greater number of talented students to the Rady School enhances the learning experience and success of all of our students."
The School of Management was named after Rady, executive chairman of the board of publicly traded real estate investment trust American Assets Trust, 10 years ago. He has also provided significant funding for Rady Children's Hospital in San Diego.
—City News Service