Monday, October 5, 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:
US stocks tumble on weak jobs report (10-02 21:52)
France's Total gets Iran gas station license (10-02 21:50)
Air France to shed 2,900 jobs (10-02 21:34)
US hirings slow in September (10-02 21:33)
European benchmarks jump (10-02 20:06)
Finance chiefs head to Lima to take stock of economic woes (10-02 18:40)
Hang Seng bounces by 3pc at close (10-02 17:24)
European stocks extend rally (10-02 16:28)
Nikkei closes flat (10-02 14:39)
Hang Seng rallies (10-02 13:25)

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.