Education: $18 Million in 18 Months

In 1960, the Ford Foundation told five U.S. universities, from Stanford to Notre Dame, that $46 million was theirs in varying shares—if in three to five years they could match the money by at least two for one. Last week Baltimore's Johns Hopkins announced that it was the first university to hit the tape, having raised $12 million on its own to get $6,000,000 from Ford. Winning time: 18 months, 12 days.

Johns Hopkins' drive was largely powered by President Milton Eisenhower, who says, "I won't rattle a tin cup, but I'll tell the story." In five years, he has changed his...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

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