Rensselaer Journal, Volume 11, Number 5, Rensselaer, Jasper County, 11 July 1901 — Gifts to yale and Harvard. [ARTICLE]

Gifts to yale and Harvard.

Commencement week is the time when the colleges "take stock" like business firms and reckon up the financial receipts of the year. The presidents of Yale and Harvard have mad a announcement showing that the year has been one of remarkable prosperity for both institutions. In the last twelve months each has received gifts aggregating about $2,000,000. No further proof is needed to show that the remarkable new era of educational donations and of university expansion continues unabated. The most striking announcement is that of J. Pierpont Morgan’s offer to erect a group of buildings for the Harvard Medical School at a cost of about $1,000,000. The buildings are to be a memorial to Mr. Morgan’s father. The new architectural building and an endowment of $300,000 for that department have been given by Mr. and Mrs. Nelson Robinson of New York. Is addition to these Important gifts President Eliot was able to announce that mors than $750,000 in cash had been given to Harvard University in the last year.