This secret donor has given USC $400 million [Los Angeles Times (CA)]
Public Storage (PSA)
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Source: Los Angeles Times
To walk the campus of the University of Southern California is to be presented with a list of its benefactors. Donor names shout from classroom buildings and dorms, the food court and the swimming pool, the news desk at the journalism school, and even the yard of the Catholic church. But for the man believed to have given more money to USC than anyone else, there are no engraved facades or illuminated signs. Billionaire B. Wayne Hughes Sr., a founder of self-storage behemoth Public Storage, has donated about $400 million to the university — nearly all of it anonymously, according to sources familiar with his philanthropy. It is a staggering generosity that has not previously been reported and ranks him among the most significant backers of higher education in the West. Hughes, 85, has told associates that publicizing charitable work diminishes it. He “has intentionally chosen to live his life in a way that he avoids the spotlight,” his attorney said in declining an interview request.
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News
- 3-alarm fire in Hamilton Township engulfs about 20 units at a storage facility [CBS News]CBS News
- Public Storage prices public offering of senior notes [Seeking Alpha]Seeking Alpha
- Public Storage Prices Public Offering of Senior Notes [Yahoo! Finance]Yahoo! Finance
- Public Storage Prices Public Offering of Senior NotesBusiness Wire
- Public Storage (NYSE: PSA) was upgraded by analysts at Wells Fargo & Company from an "equal weight" rating to an "overweight" rating. They now have a $310.00 price target on the stock, up previously from $280.00.MarketBeat
PSA
Earnings
- 2/20/24 - Miss
PSA
Sec Filings
- 4/11/24 - Form 8-K
- 4/10/24 - Form 4
- 4/9/24 - Form FWP
- PSA's page on the SEC website