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Semel is currently co-chair of the board of trustees of the Los Angeles County Museum of Art (LACMA) and serves on the Board of Directors of Polo Ralph Lauren Corporation, The Paley Center for Media and the Guggenheim Museum. In June 2004, Semel and his wife made a donation of $25 million to the UCLA Neuropsychiatric Institute. As such, the name of the Institute was renamed to the "Jane and Terry Semel Institute of Neuroscience and Human Behavior at UCLA." In 2005, Semel was given the UCLA Medal, that University's highest honor, and the "Legend in Leadership Award" from the Chief Executive Leadership Institute of the Yale School of Management.
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