UCLA given US$25 million by Japanese clothing magnate

The University of California, Los Angeles (UCLA) has received a US$25 million gift from Japanese clothing magnate Tadashi Yanai to support the school’s Japanese literature and culture studies. Yanai is the founder of Uniqlo and chief executive of Japan-based Fast Retailing Co, which has more than 2,000 stores worldwide and owns the US clothing brand, Theory, writes Howard Fine for Los Angeles Business Journal.

UCLA will use the funds to endow the Tadashi Yanai Initiative for Globalizing Japanese Humanities, which was founded in 2014 with a US$2.5 million donation from Yanai. The initiative is a collaboration between UCLA and Tokyo-based Waseda University that supports academic and cultural programming and enables student and faculty exchanges between the universities.

“Mr Yanai’s extraordinary gifts are a testament to UCLA’s longstanding commitment to educate global citizens who can thrive in careers – and cultures – anywhere in the world,” UCLA Chancellor Gene Block said in the announcement. “The Tadashi Yanai Initiative for Globalizing Japanese Humanities will have a profound and lasting impact on this campus.”
Full report on the Los Angeles Business Journal site