April 4, 2025 The Best Source of News, Culture, Lifestyle for Culver City, Mar Vista, Del Rey, Palms and West Los Angeles

Santa Monica Businessman Donates $15 Million to USC

USC
Thomas J. Barrack, Jr., who founded Colony Capital in Santa Monica, reportedly donated $15 million to USC. (Fabrice Malard/USC)

USC trustee and real estate magnate Thomas J. Barrack, Jr., donated $15 million to the university’s Marshall School of Business to renovate a campus building that will house the school’s international business programs, the university announced on June 9.

“As a distinguished USC trustee and alumnus, Thomas Barrack is a stellar leader in our university’s community, as well as a renowned leader in the sphere of international finance,” USC President C.L. Max Nikias said. “The Barrack family’s exceptionally generous gift will bolster our Marshall School of Business and its faculty and students, and revitalize one of the school’s key facilities for generations to come. We warmly applaud the family’s philanthropic vision.”

The donation will be used to renovate Bridge Hall, a 1928-vintage building that will become home to the Marshall School’s international business programs for graduate and undergraduate students. University officials said the building’s classic exterior will remain untouched, but the interior will be “completely re-imagined.”

The renovated facility will include offices, classrooms, research centers and communal areas.

Barrack is the founder of Santa Monica-based Colony Capital, billed as one of the world’s largest private equity real estate firms.

“Education and the development of a cultural sixth sense are the keys to commerce, and commerce is the key to tolerance and understanding,” he said. “As an alumnus, I feel privileged to supply stewardship for the bricks, while Marshall, its dean, administration and faculty supply the intellectual mortar. I am thrilled to be part of this exciting venture at Marshall and hope that the resources provided by the enhanced facility will help nurture the next generations of international business leaders.”

The renovated building will be renamed Barrack Hall, according to the university.

Barrack has been a member of the USC Board of Trustees since 2012. He also serves on the USC Lusk Center for Real Estate’s Advisory Council.

Related Posts

Suspect Arrested and Charged in March 27 Hit-and-Run Death

April 4, 2025

April 4, 2025

The Victim Was on the Way to His Job at the Beverly Hills Hotel  A 20-year-old man has been arrested...

LAPD to Conduct DUI Checkpoints and Saturation Patrols Across L.A. This Weekend

April 4, 2025

April 4, 2025

Checkpoints and Saturation Patrols Target High-Risk Areas, Come With High Penalties The Los Angeles Police Department will conduct a series...

Man Arrested After Violent Robbery During Camera Equipment Meetup

April 4, 2025

April 4, 2025

One Suspect Caught, Two Still Sought in Culver City Armed Robbery A suspect connected to a recent armed robbery involving...

(Video) Adorn Your Home With Plants and Pottery from Urban Jungle

April 4, 2025

April 4, 2025

Go To Urbanjungleplantsandpottery.com For More Info Go To https://t.co/WwF5r95s90 For More Info⁠ pic.twitter.com/Ejled24yhJ — Westside Today (@WestsideLAToday) April 4, 2025

Join UCLA’s Innovative Memory Research Study!

April 3, 2025

April 3, 2025

Are you ready to contribute to groundbreaking research and help shape the future of memory treatments? Do you sometimes find...

Coming Soon: Easter Extravaganza at Regent Santa Monica Beach

April 3, 2025

April 3, 2025

Book your Delectable Brunch, Easter Festivities This Easter, step into a world of celebration and refined delight at Regent Santa Monica Beach....

Scoop Dreams Come True: Van Leeuwen Launches New Beverly Hills Shop

April 3, 2025

April 3, 2025

Van Leeuwen’s Beverly Hills Opening Comes With Sweet Perks Van Leeuwen Ice Cream, a New York City-born brand celebrated for...

WeHo’s WeHappy Wednesdays Serve Up Big Discounts In Addition to Zero Parking Fees

April 3, 2025

April 3, 2025

Free Parking and $5 Cocktails? WeHo Makes Wednesdays Worth It The City of West Hollywood and the West Hollywood Chamber...

Saijo Hand Roll Rolls into Culver City with Premium Japanese Ingredients

April 2, 2025

April 2, 2025

Binchotan-Fired Perfection: Saijo Rolls Out Premium Sushi in West LA A new destination for hand rolls and Japanese culinary craftsmanship...

(Video) Check Out Bernie’s, a New Pop Up at Citizen Public Market in Culver City

April 2, 2025

April 2, 2025

Made with fresh frozen fruit and a toasted merengue topping these flavors are irresistible. The pop up will be at...

From Cocktails to Coffee: U.S. Tariffs Threaten Imports, Jobs, and Your Grocery Bill

April 2, 2025

April 2, 2025

Major Price Hikes Expected for Coffee, Wine, Chocolate, and Butter  A sweeping new set of tariffs announced by former President...

Levain Bakery to Open Venice Location with Special Guests and Charitable Twist

April 2, 2025

April 2, 2025

Bigger Than a Cookie: Levain’s Venice Opening Is a Flavorful Fundraiser Levain Bakery, the cult-favorite cookie destination founded in New...

LAX Airport Server Finds Hate-Filled Message From Unidentified Diners

April 2, 2025

April 2, 2025

Waiter Says He Was Stunned by the Message Left by Customers Guillermo Ortiz, who works at Planet Hollywood inside the...

Sunset Strip Staple Le Petit Four Shuts Down After Landlord Pulls the Plug

April 2, 2025

April 2, 2025

End of an Era: Le Petit Four Forced to Close in West Hollywood In a stunning reversal to the upbeat...

Metro LA Pushes Back Sepulveda Transit Community Meetings

April 2, 2025

April 2, 2025

Environmental Review Delay Prompts Metro to Reschedule  Metro announced that community meetings scheduled for early April to discuss the Sepulveda...