Centennial Campaign for UCLA

Gift establishes $1.5 million endowment for UCLA student-athlete scholarships

Philanthropist Lowell Milken says those who benefited from UC education have responsibility to help next generation

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Lowell Milken
Courtesy of Lowell Milken

Lowell Milken

A $1 million gift from philanthropist Lowell Milken and his family, plus a $500,000 match from UCLA, will endow a new scholarship fund for UCLA student-athletes.

The $1.5 million Lowell Milken Family Centennial Scholars Endowed Scholarship Fund will support some of UCLA’s nearly 700 student-athletes who pursue a quality education while earning their degrees.

Supporting student scholarships is a lifelong priority for Milken, who earned a law degree from UCLA and an undergraduate degree from UC Berkeley.  

“Athletic participation and competition play a meaningful role in building skills and experiences that add value to the college experience,” he said. “For those of us who benefited from our own experience within the UC system, we have the responsibility to help perpetuate this opportunity for current and future generations.”

The gift is part of the $4.2 billion UCLA Centennial Campaign, which is scheduled to conclude in December 2019 during UCLA’s 100th anniversary year. The matching funds came from the UCLA Chancellor’s Centennial Scholars Match (PDF), which aims to add $150 million for undergraduate scholarships during the Centennial Campaign.  

“Our deepest gratitude goes out to the Milken family for helping us strive to continue graduating student-athletes at some of the highest rates in not just the Pac-12, but the entire nation,” said Dan Guerrero, UCLA’s director of athletics. 

The new gift is another significant step for UCLA Athletics’ Forever Champions Endowment Campaign, which is intended to secure at least $50 million philanthropic gifts to advance the department’s academic priorities.

Read the full news release.

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