The spreading alms of the Ford Foundation last week embraced five U.S. universities in a $46 million hug. The aim: to give each region of the nation more great private institutions. The winners: California's Stanford ($25 million), Indiana's Notre Dame ($6,000,000), Maryland's Johns Hopkins ($6,000,000), Colorado's Denver ($5,000,000) and Tennessee's Vanderbilt ($4,000,000). It was the biggest single Ford gift since the 1955 windfall that boosted faculty salaries across the land by $500 million.
The new money has only one string—the winners must match each Ford dollar with two from other private sources. Exception:...
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