Word: millers
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Dates: during 1980-1989
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...James Miller, director of Financial Aids at Harvard-Radcliffe, confirmed most of the names, and said that for a few scholarships, students must also be descendants of the original donors...
According to Miller, Harvard has persuaded most of the donors' executors to include financial need as a requirement for the scholarships. However, some "haven't been convinced." Students with the surnames Ellis, Downer or Pennoyer, can still receive scholarship money regardless of need...
Because the funds for most of these scholarships were established long ago, Miller said the University may not defy the donors' stipulations. For instance, the Charles Downer Scholarship Fund, set up in 1927, states that, "Scholarships shall first be awarded to students of the University, whether in the academic department or in any graduate or professional school, who bear the family name or surname of Downer...
Bequests often allow Harvard to expand the criteria for scholarships if no one has fulfilled the original prerequisites, Miller said. The William Pennoyer Bequest of 1670 offers assistance to any descendant of Robert Pennoyer, or, alternatively, a student born in New Haven...
...each scholarship, the interest from the original donation is divided annually among the eligible students; the annual interest payments on some funds can amount to nearly $20,000, while the number of annual recipients can vary between none and six, Miller said...