UCLA's Anderson School to Get $100 Million Gift

UCLA's graduate management school will receive $100 million from the widow of its namesake, businessman John Anderson, officials are announcing Thursday.

Marion Anderson made the donation as the UCLA business school has become mainly self-supporting; it no longer receives state funds for master's degree programs and relies more heavily on donors.

The gift will be split: $60 million will establish an endowment for financial aid, faculty stipends and research, and the remaining $40 million will go toward about half the cost of a new building projected to be built next door to the current complex.