Harvard Celebrates Record-Making Gift

HBS alumni givingBig news came out of Harvard College yesterday, when it announced it has received the largest single gift in the school’s history with the donation of $150 million from hedge fund manager Kenneth C. Griffin, ’89.

The gift will fund 200 new Griffin scholarships and create a fund to match other donations in support of 600 additional scholarships. In addition, $10 million of the gift will fund a new professorship at Harvard Business School, where, according to the New York Times, Griffin spent hundreds of hours poring over finance books in the pre-Internet era.

“It sets a marvelous standard of generosity and also a standard for financial aid giving,” says University President Drew G. Faust. “[The gift] is structured in part as a challenge…in order to try to involve other people in contributing to financial aid, and I hope that it also sends a message to alums about how…important it is to make sure that Harvard is available to students from every kind of economic background.”

For more on this story, see the coverage in The Harvard Crimson.

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