Big news came out of Harvard College yesterday, when it announced it has received the largest single gift in the school’s history with the donation of $150 million from hedge fund manager Kenneth C. Griffin, ’89.http://www.stacyblackman.com/2014/02/20 ... king-gift/
The gift will fund 200 new Griffin scholarships and create a fund to match other donations in support of 600 additional scholarships. In addition, $10 million of the gift will fund a new professorship at Harvard Business School, where, according to the New York Times, Griffin spent hundreds of hours poring over finance books in the pre-Internet era.
“It sets a marvelous standard of generosity and also a standard for financial aid giving,” says University President Drew G. Faust. “[The gift] is structured in part as a challenge…in order to try to involve other people in contributing to financial aid, and I hope that it also sends a message to alums about how…important it is to make sure that Harvard is available to students from every kind of economic background.”
- See more at: http://www.stacyblackman.com/2014/02/20 ... GbNWr.dpuf
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MBA blogger, US News and Author, The MBA Application Roadmap