News
News Flash: Memory Shop and Anime Zakka to Open in Harvard Square
News
Harvard Researchers Develop AI-Driven Framework To Study Social Interactions, A Step Forward for Autism Research
News
Harvard Innovation Labs Announces 25 President’s Innovation Challenge Finalists
News
Graduate Student Council To Vote on Meeting Attendance Policy
News
Pop Hits and Politics: At Yardfest, Students Dance to Bedingfield and a Student Band Condemns Trump
Some eight months ago Mr. J. D. Rockefeller, of New York, originated the project of a university in Chicago. He at once communicated with the American Baptist Educational society to the effect that he would donate $600,000 as a nucleus for a college endowment fund. The conditions of his gift were that the money should not be used for purchasing a site or erecting buildings, but that the income should be used to defray current expenses. He also stipulated that $400,000 additional should be raised to be used for general purposes and the remainder to become a part of the endowment fund. Mr. Marshall Field has given ten acres of land valued at $100,000, for the site of the university. This gift has more than met the requirements for a beginning and it is expected that buildings will be in process of construction before the money is all contributed. The land together with the subscriptions, make a sum total of over a million dollars. The value of the site is not to be included in the $400,000 to be raised, but form a separate fund by itself. Nearly $30,000 have been raised during the past week.
Want to keep up with breaking news? Subscribe to our email newsletter.