A Grateful Grad

Billionaire John Kluge gives $60 million to his alma mater, Columbia

A GOING-AWAY PRESENT FROM JOHN W. KLUGE, chairman of the Metromedia Co., can be so generous as to make a person want to stay on after all. Last week, at a tribute to Columbia University's departing president, Michael I. Sovern, Kluge announced that he was giving the university a $60 million gift to endow minority scholarships. Kluge's donation is the largest ever made to Columbia, and according to the Chronicle of Higher Education, it's the sixth largest private gift given to an American university or college. Kluge also gave Columbia $25 million in 1987 and the same amount in 1990. Gushed...

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