August 17, 2015

Gifts Roundup: U. of Southern California Gets $25 Million

Courtesy of USC

USC Michelson Center for Convergent Bioscience

A roundup of notable gifts compiled by The Chronicle:

University of Southern California

The university received two large donations last week: James Parks, the executive director of CBIZ, a business consultancy, donated $15 million to the university’s Leventhal School of Accounting for a business taxation degree program, an endowed professorship, and building renovations. He earned bachelor’s and master’s degrees from the university in 1972 and 1975, respectively.

Meawhile, Malcolm and Barbara Currie gave $10 million to endow the university’s Keck School of Medicine and to help build the USC Michelson Center for Convergent Bioscience.

Mr. Currie was chief executive of Hughes Aircraft from 1988 to 1993 and founded Currie Technologies, an electric bike and scooter company. He served earlier in his career as the undersecretary of defense for research and engineering and as the U.S.-designated national armament director in NATO.

Mr. Currie has served on the university’s Board of Trustees since 1989 and has taught in its Viterbi School of Engineering.

Princeton University

The investor William Janeway gave $5.6 million to create the William H. Janeway Fund for Bridging Finance, Monetary Economics, and the Real Economy.

Mr. Janeway, a 1965 Princeton graduate, is a managing director at the private equity firm Warburg Pincus and a visiting lecturer in Princeton’s economics department.

His gift will support teaching and research in finance and other economics-related fields, and also help support visiting faculty members, postdoctoral researchers, and graduate students.

Northwestern University

Dawn Clark Netsch left $5 million to the University’s School of Law to endow the Walter and Dawn Clark Netsch Scholarship Fund, which will provide financial aid for law students who are interested in pursuing careers in public-interest law. Some of the bequest will also support loan-repayment assistance to graduates working in that specialty.

Ms. Netsch was the law school’s first female faculty member and the first woman to hold statewide office in Illinois. She died in 2013.

University of Detroit Mercy School of Law

The family of Lawrence Paul Zatkoff, a U.S. district judge for the Eastern District of Michigan, donated $1 million to the law school to establish the Hon. Lawrence Paul Zatkoff Endowed Scholarship.

Mr. Zatkoff, who graduated from the university in 1962, died in January.

Alzheimer’s Drug Discovery Foundation

Melvin Goodes, a former pharmaceuticals executive, and his family gave $750,000 through a family foundation to the nonprofit to establish a prize recognizing scientists in Alzheimer’s drug discovery research.

Mr. Goodes, who has spoken publicly about his own Alzheimer’s diagnosis, is a retired chief executive of Warner-Lambert, a drug company that led the development of Cognex, the first drug approved by the FDA for Alzheimer’s disease.

To learn about other big donations, see our database of gifts of $1 million or more, which is updated throughout the week.

Send an e-mail to Maria Di Mento.