Education: The Biggest Fund

For the past three years, Harvard University has diligently appealed to its alumni in a well-planned drive to raise $82.5 million. Purpose: a lavish refurbishing of Harvard College (TIME, Nov. 26, 1956). Last month, still about $10 million short of the goal, Harvard went back to wealthy alumni who had already given. Last week the results were announced: out of deep pockets in three weeks flowed 18 six-figure gifts totaling $3,100,000, to boost the pledges to $75 million. No sooner had the word been issued than other Harvard-men jumped in to help raise the remaining $7,500,000. Sample: Fund Chairman H....

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!