$400M Pledged to Columbia
Posted: April 12th, 2007, 12:04 am
Columbia gets a huge windfall from a former alum who benefitted from scholarship and school-backed financial aid back in his day; (and some "one-up-manship" from Columbia on endowment goal)
Time to get that Phillip Anschutz dude on the phone...http://flamefans.com/forums/viewtopic.p ... p+anschutz
Time to get that Phillip Anschutz dude on the phone...http://flamefans.com/forums/viewtopic.p ... p+anschutz
Kluge gives $400M to Columbia UniversityTo read the rest: http://news.yahoo.com/s/ap/20070411/ap_ ... chool_gift
NEW YORK - Billionaire media entrepreneur John Werner Kluge is giving $400 million to Columbia University for financial aid, one of the largest gifts ever to an American university, the university announced Wednesday.
Kluge attended Columbia on scholarship and credits the opportunity with helping him become a successful broadcast entrepreneur...
...The announcement of the gift comes as Columbia pushes ahead with a campaign to raise $4 billion, specifically for financial aid and endowed faculty at its schools. With Kluge's commitment, the university has reached $2.2 billion of that goal.
As of last year, the Ivy League school had an endowment of more than $5 billion, larger than most universities but smaller than other Ivy League schools.
