Education: New Money

From the success of the biggest fund-raising drive in the history of American undergraduate education (at Harvard) to an unexpected $1,000,000 from a retired cash register salesman (for St. Louis' Washington University), the ways in which U.S. universities find new funds made news last week. Among the diverse donors:

¶ New York Yachtsman Harold S. Vanderbilt gave $2,500,000 to the Program for Harvard College, just in time to enable the monumental three-year campaign to top its goal with total pledges of $82,697,470, plus a $5,000,000 dividend of interest and appreciation already earned by Program money in the bank. Explained onetime Harvardman...

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