A CSUN alumnus is giving a $10 million cash gift to the College of Business and Economics, which will be renamed after him, CSUN President Dianne F. Harrison announced at the California State University (CSU) Board of Trustees meeting Tuesday.

“On behalf of the entire Cal State Northridge community, first I would like to thank David Nazarian for his philanthropy and leadership,” Harrison said. “His leadership of a $25 million initiative launched with his personal gift of $10 million. The renaming of the college will have a transformative impact. His involvement will make a good college of business and economics great.”

David Nazarian, who graduated with a degree in business in 1982, is donating the money as part of a $25 million fundraising project, Harrison said.

The CSUN president said the money will be used for entrepreneurship, student mentoring, real estate and professional development to improve the college.

The college will be renamed to the David Nazarian College of Business and Economics. This marks the fourth occasion in which a college at CSUN has been renamed, the most recent being the Mike Curb College of Arts, Media and Communication in 2006 after a $10 million donation by Curb.

The amount given by Nazarian is the largest cash donation in the university’s history.