Word: endowment
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Dates: during 1980-1989
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...Modeling a new program on the Burger King "find Herb" promotion, the University sends Dean of the Faculty A. Michael Spence to all the dining halls with promises of prizes for the first students to recognize him. No one does, and Spence uses the prize money to endow a junior professorship in communications. The one-time award will fund research for a young scholar who will be prohibitted from teaching classes or even speaking to students. The dean declares, "This may be my most lasting contribution to Harvard...
Harvard's Russian Research Center plans to endow three new chairs in Russian Studies following a three-year fund drive that raised a total of $5.6 million, including a $750,000 matching grant from the Andrew Mellon Foundation, Center Associate Director Marshall I. Goldman said yesterday...
...even more dramatic development, a dozen teams of scientists are working on techniques to use viruses for "gene therapy" on humans with genetic disorders. Using recombinant DNA techniques, they plan to make retroviruses harmless by removing key genes, and to endow the viruses with other genes -- the ones lacking or inoperative in people with genetic diseases. These re-engineered retroviruses would be employed as vectors that would invade the appropriate human cells and insert the healthy genes correctly into the cells...
...addition, certain members of the Class of 1961 are also negotiating with the B-School to endow a second, separate chair, Goodson said...
...previous record for a class gift was $1.8 million, given by the class of 1960 for its 25th reunion last year. That gift was also used to endow a professorship in enterpreneurship...