February 14, 2008
PIMCO Founder Bill Gross ('71) Makes Unrestricted Gift of $1 Million to UCLA Anderson
Gift will support strategic priorities
LOS ANGELES - UCLA Anderson School of Management Dean Judy Olian today announced that William H. Gross, PIMCO Founder and Co-Chief Investment Officer, has donated an unrestricted gift of $1 million to the school. Dean Olian will use these funds to support several areas vital to the school’s strategic plan, such as fostering global partnerships, recruiting and retaining top faculty and students, and enhancing the curriculum.
"Private gifts assure our future as an excellent management program and as a school with a public mission," Olian said in accepting the gift. "Discretionary funds, in particular, provide the flexibility to seize innovative opportunities as they arise, and to continue to enhance the caliber of students, teaching and research."
"Since earning my MBA at Anderson, I’ve enjoyed maintaining a close relationship with the school and its students," said Gross. "I wanted my gift to have an immediate impact in the areas that will most benefit from a boost in funding, and I strongly believe that unrestricted funds are essential to advance the school."
Gross earned his MBA from UCLA Anderson and has been actively involved in alumni and student activities. Most recently, he delivered the 2007 commencement address for the MBA and Fully-Employed MBA programs. He has also participated as a keynote speaker in the UCLA Anderson Forecast and the inaugural event for the Center for Finance and Investments. Gross was just honored as Morningstar’s Fixed Income Manager of the Year Award recipient for an unprecedented third time.
With more than $747 billion assets under management, PIMCO is one of the world’s leading fund-management companies. Founded in 1971 and based in Newport Beach, California, the company is owned by Allianz Global Investors, a subsidiary of the Munich-based Allianz Group, a leading global insurance company with nearly $1.5 trillion in assets and represented in 70 countries around the globe.
About UCLA Anderson School of Management
UCLA Anderson School of Management, established in 1935, is regarded among the very best business schools in the world. UCLA Anderson faculty are ranked #1 in "intellectual capital" by BusinessWeek and are renowned for their teaching excellence and research in advancing management thinking. Each year, UCLA Anderson provides management education to more than 1,600 students enrolled in MBA, Executive MBA, Fully-Employed MBA and doctoral programs, and to more than 2,000 professional managers through executive education programs. Combining highly selective admissions, varied and innovative learning programs, and a world-wide network of 35,000 alumni, UCLA Anderson develops and prepares global leaders.
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