Sol Price Charity Gives USC $50 Million for Public Policy Program

December 8th, 2011 · 2 Comments

For those of you that are long time fans of Costco, or even originally Price Club members, you are well aware of who Sol Price was.  For those that are not so sure, Sol Price and his son founded Price Club in 1976, the first nationwide members-only warehouse club outside San Diego.  Then, in 1993, Price Club merged with the fledgling Costco.  After the merger with Costco, Sol and Robert Price also founded PriceSmart, which operates more than two dozen membership warehouse clubs in the Caribbean and Central America.

Sadly, Sol Price passed away in December 2009.  This month his family honoured his memory through a very generous donation from the Price Family Charitable Fund to USC.  Their $50 million donation will endow the USC public policy programs, as a result USC will rename it the Sol Price School of Public Policy (it was formerly known as the USC School of Policy, Planning, and Development).  Currently, USC is ranked 7th out of 269 public affairs schools nationwide and offers degrees in public policy and public administration, urban planning, real estate development and health management and policy.   This donation will also allow USC to create the USC Sol Price Center for Social Innovation, which will promote sustainable and replicable models of community development in low-income urban areas.

“Endowing the USC Sol Price School of Public Policy not only honors my father’s legacy but also advances sound research and scholarship and develops future leaders who will serve at the forefront of social change. This gift will have an enduring impact on society,” said Robert Price, Sol’s son and chairman of the Price Family Charitable Fund.

If you were wondering what the Price connection is to USC:  Sol Price earned a bachelor’s degree in philosophy from USC in 1936 and a USC law degree in 1938.  His wife, Helen, was also a USC alum.  Wouldn’t we all like to be able to give a huge donation like that to our university or graduate school?

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2 Responses so far ↓

  1. 1 Emily @ // 2011.12.11 at 10:50 am

    Wow, that’s generous!

  2. 2 tle // 2011.12.08 at 11:26 am

    That’s the power of a private university. They are on track in their fundraising with a goal of $5 billion. That is correct, Billion. I’m a graduate from USC and I do donate to programs that help the community and underserved. So I am glad to see donations going toward the development in low income area. Fight on!

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