Education: $50 Million for Teachers

In Manhattan this week, the Ford Foundation announced one of the largest single private grants to higher education in U.S. history: $50 million to help selected privately run colleges and universities boost faculty salaries. Recipients of the Ford grants (still unnamed) will be asked to supplement the gifts with funds raised from other sources.

Said Board Chairman Henry Ford II: "[Teachers] have not begun to share the benefits of the [nation's] expanded productive power . . . and the whole educational system suffers from this fact. Industry, commerce, government, the arts, the sciences and the professions—indeed our whole way of life—depend heavily...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!