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A Thousand Oaks resident who donated $4.8 million for a building at the California Lutheran University School of Management has decided to redirect the money to help support students and entrepreneurship. Steven Dorfman originally pledged the money to fund construction at the School of Management, but developed a new agreement with Lori Varlotta, the recently appointed president of the Thousand Oaks school. Dorfman, who serves on the School of Management Advisory Council, directed that $1.2 million be used to fund renewable scholarships covering 75 percent to 100 percent of tuition to students in the School of Management interested in entrepreneurship and innovation. The remaining $3.6 million will be used to provide grants to promising startups involving Cal Lutheran students or alumni, support activities such as the New Venture Competition and startup weekends and create an endowed professor of practice in entrepreneurship.

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