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Milken Family Foundation gives $10 million to UCLA law


LOS ANGELES, Calif.–Lowell Milken gave UCLA’s law school $10 million, putting it ahead of schedule in raising $100 million over five years, it was announced today.

The fundraising drive was started in 2008 to benefit student scholarships, attract and retain faculty and to support centers and institutes that inform law and public policy. The gift from Milken, the biggest in the law school’s history, will be used to start the Lowell Milken Institute for Business Law and Policy.

“In line with the goals of the Campaign for UCLA Law, Lowell’s generosity will enable us to initiate a range of curricular innovations, further critical research and provide financial support for students, who will become our nation’s future leaders in business law and policy,” said Rachel Moran, dean of the law school, which has about 970 students.

Milken, the head of his family’s foundation, is co-founder of Knowledge Universe, an early childhood education company based in Singapore with some 38,000 employees. He is also chairman of London-based Heron International, a property developer.