Word: endowment
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Dates: during 1960-1969
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...Ford Foundation's $3 million grant to endow five chairs in urban studies at Harvard will boost a long-neglected field. At the least the new professorships will enable the Faculty of Arts and Sciences and several of Harvard's schools to provide more courses in a field that has recently attracted considerable undergraduate and graduate interest. The mere presence of more permanent professors, more courses, more Ph.D. candidates, and more research in urban affairs will agitate public concern for city afflictions...
...grant to M.I.T. will endow three new chairs and allow scholars from various disciplines to apply scientific and technologies methods of analysis to urban problems within a new M.I.T. Urban Systems Laboratory...
...grant to Harvard will endow fives new chairs in six possible area of the University: the Design School, the School of Education, the Law School, the Department of Social Relations, the Department of Economics, and the Division of Engineering and Applied Physics. The first five areas are likely to receive the urban chairs, President Pusey said yesterday at a press conference with M.I.T. president Howard W. Johnson and Daniel P. Moynihan, Director of the Joint Center for Urban Studies...
...Ford grants to Harvard and M.I.T. yesterday were part of a $10.8 million foundation program that established 14 new professorships at four universities. Columbia University received $1.8 million from Ford to endow three chairs in urban studies; the University of Chicago received $3 million to endow three chairs and to establish several action programs...
...past, most private foundations have been reluctant to endow chairs and have preferred to give research money and then left universities gain their own capital. But Ford has apparently come to the conclusion that endowment grants are necessary to build up a field of interest...