Monday, September 10th 2007
University Receives $113 Million Gift
From the Berkeley Newscenter:
The University of California, Berkeley, today (Monday, Sept. 10) received the largest private gift in its history, $113 million from the William and Flora Hewlett Foundation. This gift represents a turning point in the financing of public higher education, providing endowment support that will help to close the funding gap between the nation’s preeminent public university and its elite private peers, according to UC Berkeley Chancellor Robert J. Birgeneau.
I was just in the Physics lab fighting with equipment from the 70s and 80s. However, the money is going to be used to endow 100 academic chairs. The idea is professors who hold the chairs will get money for their research.
Even though William Hewlett attended Stanford and started a highly successful company, the foundation bearing his name still gave UC Berkeley a large amount of dough.
What about money for outreach to get the “diversity” they are always harping for? Or student groups? Or lowering FEES or tuition?
Don’t get me wrong, money for making Cal awesome-r is always good. It just is kinda silly when they are always clamoring for it, where actually ends up getting procured.
Comment by megans — 9/10/2007 @ 10:34 pm