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Alum Donates 5 Million To LMU

March 28, 2003

Los Angeles, CA (March 3, 2003) - AP - A Loyola Marymount University alumnus pledged $3.5 million Monday to endow a program to add accounting ethics courses.

"You can hardly pick up a newspaper today without reading about another business scandal," said alumnus R. Chad Dreier, president of The Ryland Group. "The sheer number of accounting abuses tells us that something more is needed. Without an ethical foundation, organizations collapse."

Dreier, chairman of the university's board of trustees, said the R. Chad Dreier Chair in Accounting in LMU's College of Business Administration will be one of the few in the country to emphasize ethics in accounting.

"Exploring values and the difficulty of applying them consistently in everyday life is an essential part of the education we provide," said John Wholihan, dean of the college at the Roman Catholic university.

Dreier and his wife, Ginni, also pledged $1 million to build a new sports training facility and weight room; $250,000 to buy equipment for LMU's school of film and television; and $250,000 to support current programs.

The Calabasas-based Ryland Group is one of the nation's largest homebuilders and mortgage lenders. Dreier, of Santa Barbara, received his accounting degree from LMU in 1968.


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