Rockefeller donates $100 million to Harvard

April 25, 2008|By New York Times News Service

David M. Rockefeller is giving $100 million to Harvard University, his alma mater.

It is the largest gift by an alumnus in the university's history. Eli and Edythe Broad made a $100 million gift to the university in 2005, but they are not alumni.

The Rockefeller gift will support international study programs for undergraduates and support Harvard's nascent efforts to greatly expand its arts education.

"Harvard has played an important role in my life," Rockefeller, 92, said in a telephone interview. "I was a student, class of 1936, and I've been on the Board of Overseers. My experiences there shaped who I am."

Drew Faust, the president of Harvard, said the gift was critical to the development of additions to the education the university offers.

Harvard has the largest endowment of any university in the world, with assets of $35 billion.

Harvard will not receive the gift until Rockefeller's death, but until then, he will give the university $2.5 million a year so it will ultimately receive more than the value of the gift.

Rockefeller said he had no more large gifts planned: "I won't guarantee that there won't be another one.

"I won't live forever, but I hope to be around for awhile to enjoy the ones I've already made."

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