PAGE 3: Old-School Charity

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Must be the giving season: Ken and Julie Taffet Moelis have donated $10 million to the University of Pennsylvania to establish a deferred-enrollment program for Penn’s liberal arts undergraduates seeking early admission to the Wharton School’s MBA program. … Ron Meyer will deliver the commencement address in May at USC’s School of Cinematic Arts, which was also the beneficiary of a $10 million gift from the George Lucas Family Foundation. The money is to be used to provide financial support to African-American and Hispanic students. … Also on the educational giving front, Andrew and Peggy Cherng have donated $30 million to Caltech, which will rename its medical engineering department for them. The Cherngs, whose businesses are based here but who make their home in Las Vegas these days, have also picked up some Hawaiian real estate. They reportedly purchased a Honolulu penthouse at the Waiea luxury high-rise mixed-use condominium tower for $13.9 million. The acquisition follows their $26.1 million purchase of an office building on Waikiki. … The Rams are settling in – at least the ones with long-term, injury-free jobs. New head coach Sean McVay bought a home in Encino, while Chief Operating Officer Kevin Demoff picked a spot in Cheviot Hills. Team owner Stan Kroenke is said to have had a large spread on Pacific Coast Highway in Malibu for some time. … Pending approval by Congress and President Donald Trump, Michael Govan is set to become a member of the governing board of the Smithsonian Institution. His nomination has been approved by the Senate and has two more steps before being finalized. … A Delaware judge has signed off on a $74 million settlement between David Murdock and shareholders who claim to have been shortchanged when he took Dole Food Co. private in 2013. That’s on top of a $115.8 million settlement to resolve related claims under Delaware law. … Things are looking clearer in Laker land. Jeanie Buss will serve as controlling owner of the team and remain on its board. Her brother Jim tried to wrest control of the team from her but in the end lost his spot as a trustee for the family trusts that own two-thirds of the team. … Norman Lear will play himself in an upcoming episode of “The Simpsons.” He’ll appear in the show’s 29th season in the fall. … Richard Pachulski and Michael Tuchin were honored by the American Friends of Hebrew University’s Harvey L. Silbert Torch of Learning Award Dinner at the Beverly Hilton. … Sue Kroll received the Venice Family Clinic’s Humanitarian Award. … Allen DeBevoise has brought on some heavy hitters to join him in a $6 million Series A round for Pocketwatch, a Culver City startup producing content for kids. Among the other investors are Les Moonves, Jon Landau, Robert Downey Jr., and Chris Jacquemin. Moonves’ brother, Jon, is a co-founder.

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