Philanthropist and business owner Pauline Foster has given $2.5 million to the UCSD Rady School of Management to endow MBA graduate student fellowships.
Her gift is part of "Invent the Future: The UC San Diego Student Support Campaign" and kicks off the school's "Fellowships for the Future" initiative, a challenge program intended to encourage others to provide funding for student fellowships. "In these uncertain economic times, fellowship funding is more important than ever," Rady School Dean Robert S. Sullivan said in a news release.
Foster is a longtime supporter of the Rady School who previously donated $5 million to establish the Stanley and Pauline Foster Endowed Chair to support the dean's initiatives and the creation of the Stanley Foster Symposium.
"We are trying to transform the economy, yet people are not focused enough on education," Foster said. "Providing access to educational opportunities is the most important gift you can give, which is why I chose to support Rady MBA fellowships. The gift of education is one you can't take away."
Foster, president of Foster Investments, currently serves as chairwoman of the UCSD Foundation and as a director of the Museum of Contemporary Art San Diego and the La Jolla Playhouse. Foster attended Reed College.
In addition to Foster's recent gift, more than $200,000 in scholarship funding was raised from nearly 300 guests at the Rady Pinnacle Awards and Alumni Gala last year. One of the main contributors was gala chair Jan Tuttleman, a Rady School alumna. Her gift will help fund student scholarships and a lectureship. Tuttleman is a graduate of the Rady School's FlexMBA program.