“…the largest gift from an African-American ever made to a U.S. university”

Posted: April 21, 2008 in philanthropy, success

Verna Dauterive Pledges $25M to USC

By Annette Moore

Verna B. Dauterive M.Ed., Ed.D. has pledged $25 million to USC. Her gift, whose specific designation has yet to be determined, is made in memory of her late husband, Peter W. Dauterive, a 1949 graduate of the USC Marshall School of Business.

“This is a history-making gift,” said USC President Steven B. Sample. “It is the largest ever made by an African American to a U.S. institution of higher learning. We are tremendously grateful to Dr. Verna Dauterive – an alumna who personifies excellence in her professional and civic life – for honoring her alma mater in this way.

“Verna is a wonderful person and a wonderful Trojan. She is one of the most caring and unselfish people I have ever known. Through the generosity of Verna, and her late husband, Peter, this university will be significantly strengthened for many, many years to come.”

Born and raised in Louisiana, the Dauterives met as students in USC’s Doheny Memorial Library and maintained lifelong ties to the university.

After serving in the U.S. Army during World War II, Peter Dauterive enrolled at USC under the GI Bill. He graduated near the top of his class, and USC secured a placement for him at the Broadway Federal Savings & Loan Association, where he rose to the position of executive vice president and managing officer.

He later earned a master’s degree in executive management from the University of Indiana and in 1973 became founding president and CEO of the Founders Savings & Loan Association.

Active in the Republican Party, he was a member of the Republican National Committee and a delegate at the party’s national conventions from 1976 through 1996. President Reagan named him to the National Commission for Employment Policy, and he sat on several state commissions as well, including the California Economic Development Corp.

He also was a board member for numerous charitable and educational organizations, among them the Los Angeles Memorial Coliseum Commission, California Science Center and Los Angeles Figueroa Corridor.

At the same time, Peter Dauterive stayed connected with USC, supporting the university’s cancer center as well as its business and education schools. (more…)

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Man! If we could only get HBCU grads to donate this kind of money, they would not be in the present position of fighting for federal funding to stay in existence.

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