Word: philanthropists
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While Takeshita's popularity at home has been weakened by the adoption of a 3% consumption tax that he championed and a stock scandal that forced the resignation of three Cabinet members, he has been successful in expanding Japan's role as a global philanthropist. Among the signs: a planned 7.8% increase in Japan's foreign-aid budget. The growth will lift Japanese overseas assistance to $9.6 billion for fiscal 1989, and should propel Japan past the U.S. as the world's top donor...
George Shultz has long argued that the U.S. Secretary of State needs a large and secure home where he can entertain visiting dignitaries. Last week his wish came a step closer to fulfillment when it was disclosed that philanthropist Gwendolyn Cafritz posthumously donated her landmark mansion to become the Secretary's official residence. Cafritz, a Washington socialite who died Nov. 29 at age 78, set aside money from her estate to restore and maintain the $9 million mansion before turning it over to the Government...
...order called attention to the career of Frederick Hastings Rindge, the philanthropist for whom the school was named. Rindge's grandson, John F. Rindge, was on hand to receive a copy of the resolution...
...those Washburn may yet make would be a disservice to society. The Middlesex County court was innundated with letters from prominent Bostonians--and 30 from Harvard students--praising Washburn as a wonderful man. His father, curator of the Museum of Science for more than 40 years and well-known philanthropist, is a wonderful man too. Why should such a family suffer? Haven't they already suffered enough? The heart just bleeds...
...Dukakis' plan to expand the so-called Boston Compacts and Genesis Programs -- in which wealthy individuals and businesses seek to motivate high schoolers by promising a job or college scholarship to each graduate -- is doomed to failure in areas lacking either a surplus of good jobs or a willing philanthropist. His notion of asking investment bankers and college administrators to devise investment programs that will allow families to set aside funds today against the cost of their children's college educations will do little or nothing for the poorest Americans...