Education: Way of a Windfall

The telegrams were necessarily vague, but to the 615 U.S. college and university presidents who got them, they brought the best news of the year. "Your institution," the Ford Foundation wired from Manhattan, "is to be offered [a] grant under [the] foundation's expanded program for faculty raises." No amounts were stated, but the wire services soon had the list in full. Last week, while still awaiting official details from the foundation, the nation's campuses, hospitals and medical schools were reeling excitedly over the biggest ($500 million) foundation windfall in history (TIME, Dec. 19).

Though the foundation has been working on its program...

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