Ernest Rady and the Rady Family Foundation have made a transformative $30 million gift to support UCSD’s recently established School of Management, making it possible for the school to move forward with plans for recruiting faculty, designing and constructing a state-of-the-art school and enrolling students in the fall of 2004.

In recognition of Ernest Rady’s leadership and vision, UCSD’s newest professional school is now named the Rady School of Management.

“People may ask me, Why UCSD? Why this school? when I have been involved with so many other community organizations. The answer is simple: I know that any program launched here will be among the nation’s best,” Rady said. “It is very exciting to be a part of this management school from its initial planning efforts, and to help make this promising venture a reality for UCSD and the region. I felt it was important to become involved and to provide financial support because I am eager to see the school start training future business leaders. These students will go on to make a profound impact on the world, and it’s an honor to play a role in their educational development.”

“We are honored to have the Rady family’s support and we recognize the confidence this demonstrates in the future of this school and its mission of excellence,” said Robert
S. Sullivan, founding dean of the school. “Naming the school for Ernest Rady, who is a successful and visionary businessman, will convey to our students and the community that this is a place for high achievement,
innovation and daring enterprise.”

Rady is founder and chairman of American Assets, Inc., chairman and president of Insurance Company of the West, and chairman and CEO of Westcorp Inc.

This is the second largest gift in the University’s history, and the largest naming gift in UCSD history. Other notable contributions supporting the Rady School include: $15 million from Irwin and Joan Jacobs for faculty jointly appointed at the Jacobs School of Engineering and the Rady School; $5 million from Carol and William Stensrud; $5 million from Roberta and Malin Burnham; and funding from QUALCOMM Inc. to establish the Jerome S. Katzin Chair in Corporate Governance.