UCLA School of Law gets $10 million donation from alumnus Lowell Milken

The UCLA School of Law received a $10 million gift Tuesday, the largest in its history.

The donation from businessman and education reform advocate Lowell Milken, the school’s Public Service Alumnus of the Year in 2009, will provide funds for a new business law institute, additional student scholarships and faculty retention.

The donation has enabled the law school to fulfill and even exceed fundraising goals under its $100 million Campaign for UCLA School of Law, according to a statement from the school.

“This critical campaign and the transformative gift from Lowell Milken show that our students, alumni and friends share the vision and values that define us as a great public law school, and their ongoing support will help us to overcome the often dour predictions prompted by the state and national budget crisis,” said Rachel Moran, dean of the UCLA School of Law.