San Jose State receives $10 million gift from Silicon Valley Entrepreneurs: Largest gift in university's 150-year history
San Josť State University has received the largest private individual gift in its nearly 150-year history -- a $10 million donation from business leaders and SJSU alumni Donald and Sally Lucas, announced university President Don W. Kassing today. The gift will be used to support the Graduate School of Business in the College of Business at San Josť State University.
"Donald and Sally Lucas exemplify what successful business leaders can do to make a significant difference in the quality of our programs and the lives of our students," said Kassing. "This gift raises the bar of philanthropy at San Josť State and sets the pace to inspire leadership gifts that will help position us as one of the top universities in the California State University system. It also demonstrates the value that the Lucases place on their educational experience at San Josť State," he added.
The Lucases' gift will provide funding for the following: endowed professorships for faculty at the pinnacle of their academic fields; fellowships for high-achieving faculty to develop innovative graduate courses aimed at providing students with the skills needed for the changing job market; executive education programs that provide professional development opportunities; and creation of a global scholars-in-residence program and graduate student scholarships.
SJSU will request to officially name the graduate school, The Donald and Sally Lucas Graduate School of Business in the College of Business, at the CSU Board of Trustees meeting in March.
"This gift will transform the College of Business and provide greater opportunity to future generations of our community," said Bruce Magid, dean of the College of Business. "Even more important is the prestige the Donald and Sally Lucas name brings to our university. The Lucas name is synonymous with innovation, entrepreneurship, hard work, ethics and leadership - all characteristics we strive to instill in our students.
"Creation of the Lucas Graduate School of Business will enable us to attract and retain the best faculty and the highest quality students," Magid said. "It will allow us to establish a platform of thought leadership and engagement around today's critical business issues: cross-border competitiveness, emerging technologies, entrepreneurship, and global risk management."
Donald and Sally Lucas were the founders of the Lucas Dealership Group, one of the first multiple franchise automobile companies in the country. From 1964 to 2000, Donald Lucas owned more that 40 different dealerships in San Francisco, Santa Clara, Monterey and Hawaii. Throughout his career, Don represented 33 separate manufacturers, both imported and domestic. By 1999, the Lucas Dealership Group had grown to become one of the top 25 automobile companies in the country with 900 employees and producing close to $500 million in sales annually. In 2000, Donald sold the Lucas Dealership Group, retaining most of the real estate holdings. He currently heads Lucas Trust Ventures, which oversees his real estate and private investment holdings.
It all began just seven blocks from the university where Don, then a junior attending SJSU, opened his first used car lot - to help pay for his education.
Sally Lucas owned and operated SL Interior Designs for 34 years. She is also a prominent local philanthropist with a passion for the arts. Sally has been a long-time trustee of Montalvo Arts Center, a not-for-profit organization, and was the motivating force behind the establishment of the Sally and Don Lucas Artists Programs, Montalvo Artist Residency Center in Saratoga, California.
"We feel that our experiences at San Josť State contributed greatly to our success in business and in our personal lives," said the Lucases. "We have very fond memories of our time at the university and are grateful for the opportunities we had. With this gift, we want to help make it possible for future generations to benefit from an excellent education, and prosper in this valley the way we have."
Well-known for their philanthropy, particularly for their strong interest in the arts and programs for disadvantaged youth, the Lucases' charitable work includes: Montalvo Center for the Arts; Hoover Institute; Community Foundation of Silicon Valley; YWCA Villa Nueva; YMCA; Children's Discovery Museum; SF MOMA; Silicon Valley Arts Council; Boy Scouts; Monterey Bay Aquarium; First Tee Program of Monterey; Contemporary Art Museum in Honolulu; and North Hawaii Community Hospital, among others.
Founded in 1928, SJSU's College of Business attracts about 19 percent of the total university student body. Through its accreditation by the prestigious AACSB International, the Association to Advance Collegiate Schools of Business, the college is among the top 15 percent of business schools globally that have attained this distinction. AACSB's rigorous accreditation represents the highest standard of achievement for business schools worldwide.
Contact: Nancy L. Stake or Mansi Bhatia at 408-924-1166
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