Late UCLA alum leaves $17.3M to football, men's hoops programs
Key Points:
- UCLA's athletic department received a $17.3 million bequest from late alumnus Lawrence Layne, designated for the football and men's basketball programs.
- Layne's total pledge to UCLA exceeds $40 million, also benefiting UCLA Health, the Anderson School of Management, men's rugby, and the Center for the Art of Performance.
- The football program will receive $9.6 million, and men's basketball will get $7.7 million from the donation.
- The gift arrives as UCLA Athletics works to manage a $219.55 million debt accumulated over six fiscal years, which has been covered by the university to maintain a zero balance.
- Layne, who earned his MBA in 1977 and was involved in UCLA