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Strings Attached: How Harvard’s Wealthiest Alumni Are Reshaping University Giving
Two large bequests, the Lord Strathcona Fund and the John W. Sterling Fund, have recently been received by Yale University. The disposition of the latter has not yet been decided, but a recent announcement concerning the Strathcona bequest states that it will be devoted to the following purposes: the creation of two endowment funds of $140,000 each for the maintenance of two professorships in the graduate school, of a fund of $30,000 for Strathcona memorial scholarships; the setting aside of $250,000 for the erection of a Strathcona Memorial Building and $50,000 for the maintenance of the structure.
The income for the two professorships in the graduate school will allow a salary of at least $7,000. The announcement of the decision of the corporation regarding the disposition of the Lord Strathcona Fund is the first statement of the exact size of the bequest, which totals $610,000.
In addition to the creation of the new professorships, for which appointments have not yet been made, several new members of the Faculty have been appointed. Professor Edward S. Thurston, formerly of the University of Minnesota, and Professor Willard T. Barbour, formerly of the University of Michigan, have been added to the staff of the Law School. Arthur Phillips, M.S., has been made assistant professor of metallurgy in the Sheffield Scientific School, and Wilder Tileston, M.D., professor of clinical medicine.
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