3 Organizations Each Get $10-Million; Other Gifts
February 24, 2000 | Read Time: 2 minutes
Two universities and a museum have received big gifts.
* Christopher H. Browne, a managing director of Tweedy, Browne Company, an investment-management firm in New York, has given $10-million to the University of Pennsylvania, in Philadelphia, to endow five professorships at the School of Arts and Sciences.
* Arthur Pancoe, a senior managing director at the investment firm Bear Stearns & Company, and his wife, Gladys, have donated $10-million to Northwestern University, in Evanston, Ill., to help construct a biomedical-research facility. Mr. Pancoe received a master’s degree in mathematics from the university in 1951.
* Dallas Price, co-owner of the American Golf Corporation, has pledged $10-million to the Museum of Contemporary Art, in Los Angeles, for its endowment and operations. Mrs. Price said she will pay $1-million annually over 10 years.
Other recent gifts:
American Center for Wine, Food and the Arts (Calif.): $1,000,000 from Marvin R. Shanken of New York, chairman of M. Shanken Communications, which publishes Wine Spectator, for this facility scheduled to open in fall 2001.
House Ear Institute (Calif.): $1,000,000 from David Gerber of Los Angeles, former vice president of Twentieth Century Fox Film, and his wife, Laraine Stephens, for unrestricted use.
North Dakota State U.: $2,000,000 charitable remainder unitrust from Raymond Ehly Sr. of Blaine, Wash., retired president of Asphalt Inc. Moorhead, for the Department of Civil Engineering and Construction.
St. Edward High School (Ohio): $1,500,000 from Jack Kahl of Avon, Ohio, chief executive officer of Manco Inc., which makes duct tape, for this Roman Catholic school’s capital campaign.
U. of California at Los Angeles: $4,000,000 from Lloyd E. Cotsen of Los Angeles, former president of Neutrogena, to endow and expand programs at the Institute of Archaeology.
U. of Iowa: $1,400,000 bequest from the estate of Albert and Mildred (Ruth) Lindsay of Cedar Rapids, Iowa, a school superintendent and a schoolteacher, respectively, for scholarships and unrestricted use.
U. of Texas at Austin: $5,000,000 from Bill Nowlin of Austin, Tex., co-founder of National Instruments Corp., and his wife, Bettye, to establish a professorship in engineering, to improve visitors’ programs at McDonald Observatory, and to endow pre-Columbian art programs at the College of Fine Arts.