Word: scholarship
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Dates: during 1980-1989
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Harvard offers scholarship money to admitted students whose last names are Anderson, Baxendale, Borden, Bright, Downer, Pennoyer and Murphy, according to the National Scholarship Research Service in San Rafael, California...
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...
...Calvin and Lucy Ellis Aid pays "the fees of tuition and instruction...of such descendants of David Ellis...and John Ellis...provided his, or her, morals and scholarship are such as to allow him or her to remain a member of the college...
...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...