![]() ![]() Thomas Lord believed in private institutions as an alternative to government in providing solutions to social and economic problems. The mission and formation of foundations to support research and education were the vision of entrepreneur Thomas Lord, whose father, Hugh Lord, founded the LORD Corporation in 1924. The flexibility and scale of this gift allows us to build much more rapidly than normally possible upon cross-university strengths in areas such as artificial intelligence, big data and analytics, and to support our faculty as they leapfrog into emerging areas of research and teaching that advance the public good.” Zukoski added, “Quite simply, this is a provost’s dream. The flexibility and scale of this gift allows us to build much more rapidly than normally possible upon cross-university strengths in areas such as artificial intelligence, big data and analytics, and to support our faculty as they leapfrog into emerging areas of research and teaching that advance the public good. “And now, this tremendous distribution of funds provides us with one of the greatest opportunities in our history to think boldly and to invest in cutting-edge and strategic initiatives that accelerate our research and teaching to address major societal issues for decades to come.” For a number of years, they have provided significant annual support for research and educational programs in engineering and business at USC,” said President Carol L. “We are deeply grateful for the vision and generosity of Thomas Lord and the Lord Foundation. ![]() Three related foundations that support the Cleveland Clinic, Duke University and Massachusetts Institute of Technology also have received equal distributions from approximately $1 billion of the corporate sale proceeds. The foundation is expected to distribute those proceeds to USC in 2020 following legally required approvals. The Lord Foundation of California, a nonprofit foundation that supports the University of Southern California, has received approximately $260 million to fund research and teaching as a beneficiary of the recent sale of the North Carolina-based LORD Corporation. ![]()
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