Word: endowment
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While speaking to an Afro-American Studies class yesterday, Quincy D. Jones Jr., the popular R&B musician and producer, mentioned that Time Warner will provide a matching grant to permanently endow the visiting chair now in Jones' name...
...graduate and his wife will help renovate Yale's aging residential colleges. The Basses also gave $10 million to Duke to enable the university to make chairs for full professorships available for only $1.1 million instead of the usual $1.5 million, with the hope of persuading other donors to endow professorships, and $1.4 million to bring these professors together in a group known as the Bass Fellows. Total: $31.4 million. Previously the Basses have given $25 million to Stanford and $20 million to Yale (Robert Bass attended both schools...
...joint $25 million gift with Microsoft executive vice president Steve Ballmer--a Harvard graduate--to benefit research and teaching in computer science and electrical engineering. Of this, $20 million will be used to construct a research and teaching facility named after the donors' mothers. The remaining $5 million will endow a professorship. Gates and his wife, Melinda French Gates, also gave $12 million to the University of Washington to help pay for a proposed $52 million law school building that will be named after Gates' father William, who graduated from the law school in 1950. Total: $27 million...
When the campaign is over, newly raised funds will be used to endow new faculty chairs at the school, Nye said, resulting in a real increase in the size of the school's faculty...
Twenty million dollars of the gift will be used to construct a state-of-the-art research and teaching facility. The remaining $5 million will support research and endow a faculty chair, said Dean of the College Harry R. Lewis...