Tuesday, July 28, 2015   

Harvard gets historic US$150m donation
(02-20 10:44)

Harvard College has received the largest gift in its history, US$150 million from the billionaire founder of the Citadel hedge fund management company.
Harvard University in the US state of Massachusetts announced alumnus Kenneth Griffin's gift Wednesday. It says the money is mainly for supporting its financial aid program, which Griffin calls “an investment in the next generation of leaders.''
Harvard says Griffin's gift will affect up to 800 undergraduates a year.
Griffin started his investing career from his Harvard dorm room. He graduated in 1989 and founded Citadel the following year. He says the goal of his gift is to help ensure ``Harvard's need-blind admission policy continues.''
Harvard president Drew Gilpin Faust says Griffin's ``extraordinary philanthropy is opening Harvard's gates wider to the most talented students in the world, no matter their economic circumstances.'' –AP

   
Other Business breaking news:
Phoenix TV warns of half-year loss (4 mins ago)
UK economy rebounds (1 hr 11 mins ago)
(Market turmoil) Blue chips rally despite China stock losses (1 hr 20 mins ago)
Android smartphones vulnerable to text hacking attack (07-28 14:57)
Hang Seng rallies (07-28 14:26)
Greenback recovers (07-28 14:18)
Oil prices drop further in Asia (07-28 14:17)
Nikkei closes lower (07-28 14:16)
China central bank assures appropriate liquidity (07-28 12:40)
Nikkei falls (07-28 12:25)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.