Word: forded
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Dates: during 1960-1969
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...Ford will also double the research funds available to the Joint Center over the next three years. The Joint Center, which was established by Harvard and M.I.T. in 1950 with the help of Ford money, received a seven-year grant in 1966 of $1.4 million. The terms of this grant will be revised so that the Joint Center can expend it all by 1970 instead of by 1973. This change will raise the rate of expenditure of the Ford money for the next three academic years to $400,000 per year, rather than $200,000 per year. All other grants...
...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...
During the past year, Ford has directed $24 million at the problems of cities. The important significance of yesterday's $10.8 million grants, like Ford's grants in international studies in 1960 and 1965, is their unusual emphasis on financing professorships...
...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...
McGeorge Bundy, president of the Ford Foundation, said in a joint statement with the four university presidents that "mores first-rate scholars and scientists need to attack these urban problems in systematic and fundamental ways, and to enlist and train larger numbers of talented young people who can multiply their efforts...