Word: danae
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Dates: during 1950-1959
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...Will." Dana helps those who help themselves, and he loves luring a whole community into backing its local college. (If he judges that a town can raise two-thirds of the money, he shrewdly limits himself to one-third...
...Charles Dana has reached the age when rich Americans take up the art of giving away money. But not for him the faceless foundation, or the fund raiser with a checklist of millionaires. Dana picks his own targets, pounces on them with tough-minded charity. For the past three years, he has personally "traipsed myself up and down the South," scouting the needs and virtues of a dozen small, obscure colleges. So far, he has seeded seven campuses with more than...
...Wait to Die? Dana gets as much fun out of giving as he did out of getting. He was to both manners born, in New York City's fashionable Gramercy Park area of the 1880s. His wealthy banker father financed Pacific whaling fleets, invested in coal mines; his cousin was the New York Sun's famed editor-owner. Young Dana was three years out of Columbia law when he became an assistant prosecutor (under William Travers Jerome) in the sensational 1907 trial of Harry Thaw for the murder of Architect Stanford White. It led him into the state...
...found myself with all this money," recalls Board Chairman Dana. "If you wait until you're dead, it often doesn't get used the way you want it to." Dana gave generously to hospitals; then (in 1956) he discovered small colleges. They seemed to him especially deserving: "At a big university, there's no development of natural resources through companionship. I think students in the small college understand life more. Life at a small college broadens them, and they study harder...
When Florida's Stetson University matched his $250,000 for a law-school library, Dana was in business. Since, he has given $200,000 to Georgia's Berry College toward a new dormitory, $150,000 to North Carolina's Guilford College for its extension school, $350,000 to Connecticut's University of Bridgeport toward a science building. His object is to meet each school's crying need-halfway...