Alum gives $30 million to Cal State Fullerton
Cal State Fullerton today received $30 million from alumnus Steven Mihaylo, the largest gift in the university's history, officials said.
The money will go to the College of Business and Economics to create endowed chairs for the college, provide scholarships, help in retention and recruitment of faculty and generate innovative programs, according to university officials.
The college will be renamed after Mihaylo, a 1969 business administration graduate, pending approval by the California State University Board of Trustees. Mihaylo previously gave $4.5 million to the university.
Mihaylo is the founder and retired chief executive of Inter-Tel, a manufacturer of voice and data equipment for schools and mid-size businesses.
my-thuan.tran@latimes.com
