Yale hits its jackpot
With a sigh of relief, Yale University officials last week proclaimed the triumph of their $370 million fund-raising campaign, the largest ever undertaken by a U.S. university. Said Yale's president, A. Bartlett Giamatti: "Clearly a tremendous success has been achieved." He might have added: "Finally."
Originally announced in 1974 as a 3½-year drive, the campaign deadline had to be extended, first by one year and then by another six months. Fund raising was hampered by poor coordination of 5,400 volunteer solicitors, and by the mid-campaign departure of Giamatti's predecessor, Kingman Brewster, who joked that his supporters among Old Blues...