Word: endows
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...when, in 1929, Lowell approached the leading philanthropic foundations of the day for funds to endow the Society, he had no takers. "Perhaps, had I been more clever, I might have made more impression, but it is difficult to demonstrate the imponderable," wrote Lowell, and he set aside the project for the moment. Meanwhile, another Lowell brainchild was becoming a reality--the House plan. Design and construction was getting underway on seven new Houses, and as the architects for Eliot House were drawing up their plans, Lowell quietly pulled them aside and arranged for certain rooms to be designed...
...Lowell resigned as president, and by curious coincidence, later that year, an anonymous donor came up with the million-odd dollars needed to endow the Society. Upon Lowell's death in 1943, it was revealed that he himself was the mysterious underwriter--"It took nearly all I had," he wrote--and the endowment became known as the Anna Parker Lowell Fund, in memory of the late president's wife...
...recent gift of $7.5 million to endow 15 junior faculty positions is all the more important. The non-tenured associate professorships will keep young scholars in the academic professions when funding is particularly difficult for them to obtain. While the gift does not of itself create new positions, the Faculty should consider using the money freed up by the endowments to enlarge research opportunities for junior faculty. And in choosing scholars to benefit from increased research funding, the University should keep in mind its stated commitment to affirmative action...
There may be more to it than that. Perhaps folk tales are so enduring because now, as in the days of outlaw heroes and headless horsemen, legends endow life with the mystery, awe and romance that make it endurable. Or perhaps folk tales, old and new, urban and rural, are so full of life themselves that they will not lie still in their graves. Consider the modern classic about the woman in Ohio (or was it Oregon? or Maine?) who is doing the laundry in her basement when she impulsively decides to remove her soiled dress...
...Chicago foundation awarded grants of $1.2 million each to Harvard and eight other research universities this week to endow academic chairs in memory of the late billionaire John D. MacArthur...