Michael and Lori Milken were on hand late last week to officially open the Milken Institute School of Public Health at George Washington University in Washington D.C.
The philanthropists, through their Milken Institute and Milken Family Foundation, donated $50 million to the school in order to fund scholarships, faculty hires and research.
Neither Michael nor Lori is a graduate of GWU; he graduated from the University of California, Berkeley with a B.S. and received his MBA from the Wharton School of the University of Pennsylvania; she received a Bachelor of Science degree from the University of California at Berkeley and a master of science degree from the University of Pennsylvania.
Still, they wanted to give their finances for a purpose, and thus, visited more than 200 universities around the world before trustee Mark Shenkman convinced them that “the talent that was leading George Washington University was world class,” according to Milken.
The Milkens aren’t the only billionaires who have donated a substantial sum to GWU; Sumner M. Redstone also donated $30 million to the school.