UCLA’s athletic department has received a generous $17.3 million donation from the late alumnus Lawrence Layne. Layne, who graduated with an MBA in 1977, passed away in December 2024. This contribution is part of a larger commitment exceeding $40 million aimed at various university programs.
The funds are being allocated at a crucial time as UCLA’s athletic department faces significant financial challenges. Over the last six years, it has accumulated a debt of about $219.55 million. Fortunately, the university has been able to cover these losses, bringing the balance back to zero.
From Layne’s gift, the football program will receive $9.6 million, while men’s basketball is set to get $7.7 million. Athletic director Martin Jarmond expressed gratitude, noting Layne’s passion for UCLA Athletics. He emphasized how this investment will support current and future athletes, especially in today’s evolving collegiate sports landscape.
In addition to athletics, Layne’s pledge also includes $11.4 million for UCLA Health, enhancing research efforts in cardiology and hepatology. Other beneficiaries include the Anderson School of Management, which will receive $5.7 million, and men’s rugby, getting $3.8 million. Remarkably, Layne played rugby during his time at UCLA and was the first coach of the women’s rugby team.
Interestingly, Layne’s financial support reflects a broader trend among alumni giving back to their institutions. Recent reports indicate that nearly 70% of alumni from major universities contribute in some capacity, driven by a desire to uplift future generations. Such donations can significantly impact the quality of education and athletics.
As colleges navigate financial pressures, stories like Layne’s serve as a reminder of the importance of community and the ongoing legacy of alumni support. For more on alumni giving trends, you can refer to The Council for Advancement and Support of Education’s report here.
