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Harvard Alum gives college 100 mil for ungergraduate programs
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Date: April 25th, 2008 11:12 AM Author: flirting trip church building mood (http://www.autoadmit.com/thread.php?thread_id=804240&forum_id=1#9682578) |
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Date: April 25th, 2008 2:42 PM Author: concupiscible offensive chapel I think that $100 million could have gone to better use than giving it to Harvard kids.
Edit: No disrespect meant to Harvard students...I just would have loved to see that money go to a more needy cause or at least to the medical school, KSG for policy research, etc. |
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Date: April 25th, 2008 2:48 PM Author: Brass bisexual french chef heaven The recipients of this aid project will be less wealthy, on average, than the typical BU student. (http://www.autoadmit.com/thread.php?thread_id=804240&forum_id=1#9683460) |
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Date: April 25th, 2008 2:51 PM Author: exhilarant whorehouse OH WOW FAN, less wealthy than a BU student. Because they're poor!!!!?! (http://www.autoadmit.com/thread.php?thread_id=804240&forum_id=1#9683482) |
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Date: April 25th, 2008 2:55 PM Author: fuchsia office roast beef Subject: it was David Rockefeller http://news.yahoo.com/s/nm/20080425/lf_nm_life/usa_harvard_dc
Notice that he donated it to the undergraduate school and they show a picture of graduating doctoral students. |
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Date: April 25th, 2008 4:04 PM Author: Brass bisexual french chef heaven "They" being Yahoo. (http://www.autoadmit.com/thread.php?thread_id=804240&forum_id=1#9683869) |
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Date: April 25th, 2008 2:57 PM Author: concupiscible offensive chapel Well, I for one only went to BU because of the scholarship money they gave to my poor ass. (http://www.autoadmit.com/thread.php?thread_id=804240&forum_id=1#9683516) |
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Date: April 25th, 2008 4:02 PM Author: Brass bisexual french chef heaven Good for you. Are others entitled to aid as well? (http://www.autoadmit.com/thread.php?thread_id=804240&forum_id=1#9683858) |
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Date: April 25th, 2008 4:06 PM Author: concupiscible offensive chapel Mine was merit-based, so no. I almost lost it one year, too. (http://www.autoadmit.com/thread.php?thread_id=804240&forum_id=1#9683884) |
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Date: April 25th, 2008 4:14 PM Author: Brass bisexual french chef heaven What happened? Were you less meritorious that year? (http://www.autoadmit.com/thread.php?thread_id=804240&forum_id=1#9683943) |
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Date: April 25th, 2008 4:19 PM Author: concupiscible offensive chapel Fell below the required GPA. They gave me a grant for the same amount and gave the scholarship back the following year once I got my GPA back up. So I technically lost it for a year. (http://www.autoadmit.com/thread.php?thread_id=804240&forum_id=1#9683966) |
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Date: April 25th, 2008 6:49 PM Author: Brass bisexual french chef heaven Subject: Here is the Bloomberg News story Harvard to Get $100 Million From David Rockefeller (Update4)
By Brian K. Sullivan
April 25 (Bloomberg)- Harvard University will get $100 million, the school's biggest alumni gift, from the retired banker David M. Rockefeller Sr. to finance studies abroad and advance the arts.
Harvard, the nation's oldest college, said in a statement today that $70 million of the total will be used to help students participate in programs outside the U.S. Part of remaining $30 million will go toward renovating Harvard's Fogg Art Museum.
Rockefeller, 92, who graduated from Harvard in 1936 after a period studying in Germany, will enable more students to take classes, serve as interns, perform research, or travel abroad, the school in Cambridge, Massachusetts, said. Rockefeller previously gave $40 million to Harvard, including $25 million to create the David Rockefeller Center for Latin American Studies.
``This is a magnificent act of generosity from an extraordinary friend of Harvard,'' President Drew Faust said in the statement. ``Our students stand to benefit immeasurably from greater opportunities to experience other cultures and to engage with the arts.''
Harvard won't receive the gift until Rockefeller's death, the university said. Before then, he will give the school $2.5 million a year, apart from the $100 million pledge.
Harvard is the richest U.S. school, with an endowment valued at $34.9 billion as of June 30. Rockefeller is a grandson of John D. Rockefeller, the builder of the original Standard Oil trust, which was broken up as a monopoly. David Rockefeller Sr. was chairman of Chase Manhattan Corp., a banking company bought by a predecessor to today's JPMorgan Chase & Co.
The chance to study in Germany changed his life, Rockefeller said in the statement.
`Opened My Eyes'
``Harvard opened my eyes and my mind to the world,'' Rockefeller said. ``I spent the summer of 1933 in Germany and saw firsthand the ominous rise of fascism.''
In recognition of his service to the school, Rockefeller also received an honorary degree from Harvard in 1969. His oldest son, David Rockefeller Jr., also is a philanthropist who graduated from Harvard.
Rockefeller's latest pledge matches one made to Harvard in 2005 by Eli Broad, former chairman of AIG SunAmerica Inc., and his wife, Edythe. The Broads' money was used to help fund a joint research center with the Massachusetts Institute of Technology, also in Cambridge. The Broads didn't attend Harvard.
Harvard, which counts seven U.S. Presidents among its graduates, has about 6,700 undergraduates. Last year, 1,450 Harvard undergraduates, more than twice as many as four years earlier, studied outside the U.S. A school survey of seniors found that others would have gone abroad if they could have afforded it.
Harvard will charge $47,215 in tuition and mandatory costs in the next school year. |
Date: April 25th, 2008 4:25 PM Author: Electric carmine brunch stain H! H! H! (http://www.autoadmit.com/thread.php?thread_id=804240&forum_id=1#9684000) |
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Date: April 25th, 2008 5:00 PM Author: Brass bisexual french chef heaven Subject: Quite a family, those Rockefellers ... The old man - John D. Senior, founded the University of Chicago. His son, JD Jr. went to Brown, and founded Rockefeller University.
HIS sons Nelson (Gov. of NY and Vice President), Lawrence, John D, III and David (Chase Bank, etc), went to Dartmouth, Princeton, Princeton and Harvard respectively. All were major benefactors of their alma maters. (Brother Winthrop (Gov. of Arkansas) went to Yale, but was kicked out for "misbehavior.") |