It turns out Ellison’s $115 million gift wasn’t the only big gift that Harvard didn’t get after Lawrence H. Summers resigned.
In yesterday’s WSJ Marketplace section (by subscription): Summers’s Supporters Withhold $390 Million From Harvard
Gifts to Harvard scrapped or put on hold
- $100 million from media mogul Mortimer Zuckerman to fund a neuroscience institute.
- $100 million from Richard A. Smith, former Harvard governing board member to build new science complex.
- $75 million from David Rockefeller to send every undergraduate abroad during four years at college; instead, he gave $10 million to existing Rockefeller Center for Latin American Studies
The article also reports,
Several other donoers have also expressed dissatisfaction with the actions of Harvard’s governing board. Byron R. Wien, chief investment strategist for Pequot Capital Management Inc. and a major Harvard donor, said recently that he chose not to give his usual annual contribution to Harvard this year in protest of what he regarded as the trustees’ failure to support Mr. Summers. “It was my little wake-up call saying, look there are multiple constituencies there.” Mr. Wien said. “the students are a constituency, and they were very supportive of Summers. And the alumni are a constituency, and they were very supportive of Summers.”
And then there’s the Prince. The Board didn’t mind his antecedents.
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