UCSD announced this week a gift of $4 million from Science Applications International Corporation to the Beyster Institute at the Rady School of Management.
SAIC made this gift in honor of Dr. J. Robert Beyster upon his retirement as SAIC's chairman of the board. The gift will be used to promote global entrepreneurship, employee ownership and economic development through consulting, training and international projects at the Beyster Institute.
"Through this gift," said Robert Sullivan, dean of the Rady School, "Dr. Beyster's dedication to employee ownership will be passed along to the next generation of business leaders, while also providing many innovative opportunities for the Beyster Institute and the Rady School."
Established by Beyster in 1986, the Beyster Institute's purpose is to understand, support and promote the roles of entrepreneurship and employee ownership in growing companies and in society. The institute was integrated into the Rady School in June 2004.
"Dr. Beyster's dedication to employee ownership over the past 35 years and commitment to rewarding employees fairly for their efforts has been a cornerstone in SAIC's success," said Ken Dahlberg, SAIC chairman, president and chief executive officer. "The SAIC Board of Directors is pleased to approve and establish a lasting legacy honoring Dr. Beyster for all his accomplishments by making donations in his name to both the Beyster Institute and the Foundation for Enterprise Development."
This gift contributes to the $1 billion fund-raising goal of The Campaign for UCSD: Imagine What's Next. Campaign priorities include supporting students and faculty through scholarships, fellowships and endowed chairs; creating and expanding academic programs; funding research endeavors and health sciences advancements; and providing innovation funds and unrestricted support.
To date, UCSD has raised $619.4 million. The campaign is scheduled to conclude in June 2007.
The Rady School presents an integrated approach to business and technology and emphasizes cross-boundary collaborations and programs with UCSD centers of excellence: science, engineering, medicine, economics and international relations. The charter class of executive MBA students will enroll in fall 2004, and the charter class of full-time students is slated for fall 2005.