San Diego Business Journal

San Diego State University alumnus Fred Pierce and his wife Christine are donating more than $2.5 million to the College of Business Administration, Aztec athletics, Greek life, student scholarships and the school’s alumni association, SDSU announced Monday.

Pierce, who graduated in 1988 with finance and real estate degrees, will give a $2.5 million legacy gift along with a five-year cash pledge to provide current funding for those causes. SDSU did not specify the size of the five-year pledge. Pierce runs Pierce Education Properties, which owns student housing nationwide.

"We’re creating several alumni scholarships to underscore the value of this university’s alumni and volunteerism,” Pierce said. "We’re supporting Greek life with scholarships for fraternity and sorority members who don’t qualify for federal grants, but whose families can’t afford to finance their education.”

The gift will also create scholarships for finance, real estate and entrepreneurship students.

Pierce Education Properties got its start 20 years ago with a contract from the SDSU Foundation to be master developer of the SDSU Redevelopment project, including the construction of Fraternity Row and a student residence hall. The company is now one of the top 25 owners of student housing.

Pierce has served on the board of the College of Business Administration, the Corky McMillin Center for Real Estate, the Aztec Club and the SDSU Alumni Association. He is also a former trustee for California State University.