He was a USC business graduate who would later go on to establish a Los Angeles savings and loan association that provided inner-city mortgages to customers.
Verna Dauterive says that the gift is a way to thank the school for its "dedication to diversity and global outreach."
This is not the first time that the Dauterives have been generous with their resources. In 1985, the couple endowed the school's first scholarship for minority doctoral students.