Windfalls & Weather

With reason, most U.S. colleges complain about the stormy financial weather they see ahead. Nevertheless, last week a few windfalls blew in: P: Massachusetts Institute of Technology received $5,100,000 from alumni. Biggest gift: $1,000,000 from General Motors Board Chairman Alfred P. Sloan Jr., class of '95, for a new metals-processing laboratory.

P: Oilman Walter C. Teagle, '00, gave Cornell University $1,500,000 for a men's sports building.

P: John D. Rockefeller Jr., Brown '97, gave $5,000,000 to Harvard for a new Business School classroom building with a string attached: other donors must match his gift by July 1950. P: The Old Dominion Foundation (set up by Paul Mellon, Yale '29) gave Yale University and Vassar College $2,000,000 each to finance psychiatric studies.

This file is automatically generated by a robot program, so reader's discretion is required.