The Rady School of Management at UC San Diego received a $100 million commitment Tuesday from Evelyn and Ernest Rady, the largest commitment in history to a business school of that size.
"The Rady School is an integral part of UC San Diego and a vital, entrepreneurial component to San Diego's science and technology communities. The generous commitment from Evelyn and Ernest Rady and the Rady Family Foundation allows the school to continue its tradition of success and impact," UCSD’S Chancellor Pradeep K. Khosla said in a statement.
The money will go to fund projects and bring in more faculty and staff at the school.
Ernest Rady said in a statement that he wants the resources from the school to in turn help other people and pointed to a local project did just that.
Ph.D. student Ashley Van Zeeland is the co-founder and CEO of a genome informatics company called Cypher Genomics, Inc. The technology created by Van Zeeland’s company helped a medical team identify suspicious gene mutations that were causing a 16-year-old girl to have seizures and muscle weakness.
Since the Rady family’s first donation of $30 million in 2004, the school has been accredited by the Association to Advance Collegiate Schools of Business (AACSB International) and was recently ranked as the number one MBA program in the U.S. for intellectual capital by Bloomberg Businessweek.
The school is focused on innovation, entrepreneurship and collaboration. Students and alumni from the school have created more than 80 sustainable companies.