Wednesday, March 26, 2025

Private Equity Executive Donates $10M to Launch New MA in Translation Program

Amid growing uncertainty about translation careers due to AI advancements and sensationalized headlines, one California university is celebrating a transformative donation.

On March 11, 2025, California State University, Long Beach (CSULB) announced that Mario Giannini, Executive Co-Chairman of private equity firm Hamilton Lane, has gifted $10 million to establish a Master of Arts program in Translation and Interpreting. The program is set to launch in the fall of 2026.

This isn’t Giannini’s first significant contribution to CSULB. In January 2017, he donated $1.75 million to establish The Clorinda Donato Center for Global Romance Languages and Translation Studies, named after its current director.

CSULB Center Expands Translation Studies with Additional $5.25M Gift

Housed within CSULB’s College of Liberal Arts, The Clorinda Donato Center for Global Romance Languages and Translation Studies serves as a hub for both pedagogical research and instruction in Romance languages.

Students can pursue a minor or graduate certificate in translation studies, while a major in translation is available through collaboration with the Department of Linguistics. The Center has also hosted internship programs, with growing demand from students across disciplines—ranging from speech-language therapy and the arts to politics—seeking on-campus experience.

In 2022, Giannini contributed an additional $5.25 million to The Center, marking the largest gift in the history of CSULB’s College of Liberal Arts. A write-up at the time highlighted The Center’s uniqueness, stating, “The Center is unique in the State of California, offering world-class training in translation studies at state university prices.”

Born in France to Italian-speaking parents, Giannini graduated from Cal State Northridge in 1973 with a BA in English and has credited the CSU system as “a huge influence” on his career. He currently serves as CEO of Hamilton Lane and sits on the firm’s investment committees.

According to Director Clorinda Donato, who also teaches Italian and French, most of the new funds will be used to create scholarships for students admitted to the master’s program.

CSULB to Revive Translation Program with Advanced AI Integration

CSULB’s original translation and interpreting program, founded in the 1980s by renowned legal interpreter Alexander Rainof, was retired when he stepped down. CSULB later proposed reviving the program and presented the idea to Mario Giannini, who was chosen for his connection as a CSU alumnus.

The current undergraduate program, along with the new two-track MA program, aims to train students in diverse areas such as audiovisual, community, educational, legal, literary, and medical translation and interpreting. According to Director Clorinda Donato, the curriculum will take an applied approach by integrating advanced AI, large language models (LLMs), and data science.

“We will proudly offer generous funding to each year’s cohort of prospective students to help reduce the costs of their graduate education,” Donato said. Annual tuition is $18,972 for undergraduates and $17,922 for graduate students, excluding room and board.

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Private Equity Executive Donates $10M to Launch New MA in Translation Program

Amid growing uncertainty about translation careers due to AI advancements and sensationalized headlines, one California university is celeb...