Richard Blum, a longtime regent of the University of California and husband of Sen. Dianne Feinstein, died Sunday of cancer at his home in San Francisco, the San Francisco Chronicle reported. He was 86.

A successful financier and philanthropist, Blum was a regent for 20 years, and is credited with curbing spending at the Office of the President and helping choose Mark Yudof as UC president in 2008. A graduate of UC Berkeley, Blum created the Blum Center for Developing Economies at Cal in 2006. The popular center, which focuses on global poverty and other pressing problems, now operates on all nine UC campuses.

In addition to Feinstein, he is survived by three daughters.

“My heart is broken today,” Feinstein said. “My husband was my partner and best friend for more than 40 years. He was by my side for the good times and for the challenges. I am going to miss him terribly.”

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