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8 Takeaways From Harvard’s Task Force Reports
Not only this University, but the entire system of education in this country, is benefited by the bequests of the late Henry Clay Frick. Here was a clear-minded, shrewd business man, a farsighted patriot, who saw how he best might serve his fellow-citizens. He realized the dire needs of America's colleges and went straight to the heart of the matter.
By thinking and acting in a very large and very generous way Mr. Frick did a notable public service; and so far as Princeton, Technology, and Harvard are concerned, he greatly relieved a precarious situation. His will is truly remarkable. Of the entire estate five-sixths, or approximately one hundred and seventeen million dollars, is to be devoted solely to the interests of the general public--to charity, art, and education.
Harvard's share, which has been estimated at five million dollars, is the largest unrestricted gift this University has ever received. That it comes as a surprise enhances its value; it will give new impetus to the Endowment Fund.
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