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UCLA Foundation Names New Board Members Following Record-Breaking Endowment

UCLA
UCLA Campus.

With news that UCLA just received a record-breaking $643 million in gifts and pledges during the fiscal year ending June 30 as part of the Centennial Campaign, more people have been added to the board of directors of the UCLA Foundation, which oversees assets donated to the university.

Five philanthropic and business leaders, all UCLA alumni and long-time supporters, joined the 30-member board on July 1 and will serve two-year terms.

William Mitchell, an information technology executive and founding director of Sequel Capital Management, will continue to lead the UCLA Foundation as board chair through June 2016. Succeeding him will be Shirley Wang, founder and chief executive officer of Plastpro Inc., a leading manufacturer and distributor of fiberglass doors, who was named chair-elect. Wang will become the first Asian-American woman to lead the UCLA Foundation when she becomes chair in July 2016.

The $4.2 billion Centennial Campaign for UCLA was publicly launched in May 2014 and is scheduled to conclude in December 2019, during UCLA’s 100th anniversary year. Including a private phase that began in July 2012, the campaign has raised more than $2.04 billion.

The UCLA Foundation receives contributions made to the university, disburses them according to the wishes of donors, oversees an approximately $1.75 billion endowment managed by the nonprofit UCLA Investment Company and actively promotes philanthropy.

The new members of The UCLA Foundation board of directors are:

  • Craig Ehrlich, chair of the Novare Tehcnologies, Inc., a Hong Kong-based software development company that serves the banking, telecom and retail industries.
  • Alicia Miñana de Lovelace, a Los Angeles attorney who works in multiple arenas, including the formation and dissolution of corporations and partnerships; licensing, production, distribution and management agreements with artists, managers and recording labels; low-income housing; and employment law.
  • Linda Gach Ray, a partner and co-founder of the Los Angeles law firm Owens & Gach Ray, where the focus of her practice is business and real estate litigation, probate, trust and conservatorship advice and litigation, as well as fiduciary work.
  • John Mapes, managing partner of Aurora Capital Group, a Los Angeles-based private equity firm with more than $2 billion in assets under management.
  • Victor Zhang, senior vice president and co-chief investment officer of American Century Investments, which manages approximately $150 billion in investments for individual and institutional clients.
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