January 16, 2018
The RAND Corporation has received a $3 million gift from health care executive Leonard D. Schaeffer to help endow RAND's employee recognition awards.
The top award, given annually to two individuals or employee groups, will be renamed the Leonard Schaeffer Medals in recognition of the gift. The RAND medal awards recognize individuals throughout the institution who have made exceptional and inspiring contributions to RAND's mission and priorities.
“Leonard Schaeffer is a valued RAND advisor and his contributions to society as a business leader and philanthropist embody the vision, integrity and leadership that RAND's medal awards are designed to honor and inspire,” said Michael D. Rich, RAND president and CEO. “We are grateful for his generosity and honored to use this gift to recognize excellence at RAND.”
Schaeffer, the founding chairman and CEO of WellPoint (now Anthem), is a longstanding RAND trustee and member of the RAND Health Advisory Board. He has previously made gifts to RAND in support of the Leonard Schaeffer RAND-USC Initiative in Health Policy and Economics, and the Comprehensive Assessment of Reform Efforts (COMPARE), a microsimulation model built by RAND researchers that predicts the effects of health policy changes at national and state levels.
“The quality of an organization's staff is what sets it apart from its peers. At RAND, I've seen how skilled and dedicated RAND's employees are at developing solutions to the most-significant challenges of our time,” Schaeffer said. “I'm pleased to help support a high bar of excellence among this high-achieving community.”
Schaeffer holds the Judge Robert Maclay Widney chair and serves as a professor at the University of Southern California. He is a senior advisor to the private equity firms TPG Capital and Starr Investment Holdings, and is active on the boards of numerous businesses and philanthropic organizations. He established the Leonard D. Schaeffer Center for Health Policy and Economics at USC and serves as the chair of the Center's advisory board. Schaeffer has endowed academic chairs in health policy and economics at the Brookings Institution, the National Academy of Medicine, Harvard Medical School and USC. He is a member of the National Academy of Medicine.