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Foundation Giving

Spate of Big Gifts to Benefit Johns Hopkins U., Others

October 22, 1998 | Read Time: 4 minutes

Several donors have pledged big gifts to higher-education institutions.

The business-news mogul Michael R. Bloomberg has given $45-million to the Johns Hopkins University, in Baltimore.

Mr. Bloomberg founded Bloomberg Financial Markets, in New York, which provides stock-market quotes and runs a newswire. He graduated from the university in 1964 and serves as chairman of its Board of Trustees.

Mr. Bloomberg directed two-thirds of his donation to support undergraduate scholarships. The School of Public Health will receive $5-million of that scholarship money, plus $10-million for endowment. Mr. Bloomberg has yet to determine uses for the remaining $5-million.

In 1995, the entrepreneur gave Johns Hopkins $55-million.


* An anonymous donor has given $35-million to Saint Mary’s College of California, in Moraga, to construct a science center and to renovate the college’s existing science facilities.

* Georgetown University, in Washington, has received $30-million for its School of Business from Robert Emmett McDonough, an entrepreneur and alumnus.

His gift will be used to endow professorships, scholarships, and research at the business school, which will be named in his honor. Mr. McDonough is chairman of RemedyTemp Inc., in Aliso Viejo, Cal.

Georgetown announced three other big gifts on October 7, one day before it raised the goal of its fund-raising drive from $500-million to $750-million. An anonymous donor has established a trust currently valued at $17-million for scholarships for students from war-torn countries; another anonymous donor has pledged $10-million to construct a facility for the business school; and John R. Kennedy, retired chairman of Federal Paper Board Company, has given $10-million to the campaign.

* Peter C. Rossin has given $25-million to Lehigh University, in Bethlehem, Pa., to benefit the College of Engineering and Applied Sciences.


Mr. Rossin graduated from Lehigh in 1948 and made his fortune manufacturing titanium products. He founded Dynamet Inc., which was acquired last year by Carpenter Technology Corporation.

Other recent gifts:

Birdwell Elementary School (Tex.): $1,000,000 from John R. Muse of Dallas, chief operating officer at the private-investment firm Hicks, Muse, Tate, & Furst, to construct classrooms at this school in Tyler.

Catawba College (N.C.): $4,000,000 from Elizabeth Stanback of Salisbury, N.C., whose late husband, Fred, owned a pharmaceutical company, to establish an environmental-sciences center.

Children’s Mercy Hospital (Mo.): $1,100,000 from Fred Lyons of Kansas City, Mo., former chairman of the pharmaceutical company Marion Merrell Dow, to endow a professorship in immunology.


Davidson College (N.C.): $1,000,000 from Ernest G. Doe of Newport Coast, Cal., director of Hanford Hotels, and his wife, Gail, to establish a professorship in economics.

Emory U. (Ga.): $1,500,000 from the family of Alonzo L. McDonald of Birmingham, Mich., chairman of the Avenir Group, an international-investment firm, to establish a professorship on the life and teachings of Jesus.

Fairfield U. (Conn.): $5,000,000 from Joseph DiMenna of New York, managing director of the financial-services firm Zweig, DiMenna Associates, and his wife, Maureen, to renovate the library.

Florida Atlantic U.: $1,000,000 from Richard H. Davimos of Boca Raton, Fla., a financial planner, to establish a professorship in the brain sciences.

Hamilton College (N.Y.): $5,000,000 from Daniel C. Ferguson of Naples, Fla., retired chairman of the Newell Company, a home-furnishings manufacturer, to endow professorships and faculty programs.


High Point U. (N.C.): $1,000,000 from David R. Hayworth of High Point, N.C., retired president of Alma Desk, a furniture manufacturer, to expand and renovate the chapel.

Loyola Marymount U. (Cal.): $7,000,000 bequest from the estates of Harry Daum of Los Olivas, Cal., who sold retail spaces in shopping malls, and his wife, Kathleen, for unrestricted use.

Roanoke College (Va.): $3,000,000 from Francis T. West of Rocky Mount, Va., president of Franklin Finance Company and former mayor of Martinsville, Va., for endowment.

Southern Methodist U. (Tex.): $1,500,000 from Frank Dunlevy of San Francisco, senior managing director at NationsBank Montgomery Services, and his wife, Susan, to establish a fellowship program at the Cox School of Business and to endow the men’s swimming program.

U. of Dubuque (Iowa): $1,852,000 bequest from the estate of Joseph C. Duke of St. Paul, retired vice-president for sales administration at the Minnesota Mining & Manufacturing Company, for endowment.


U. of Kentucky: $7,001,966 bequest from the estates of Jes Schlaikjer of Prescott, Ariz., and his wife, Clementine, horse trainers, to endow the Maxwell E. Gluck Equine Research Center.

U. of Maryland at College Park: $5,000,000 from Jeong H. Kim of Potomac, Md., president of Carrier Networks-Data Networking Systems, to endow information-technology professorships, programs, and scholarships in the School of Engineering.

U. of Minnesota-Twin Cities: $1,000,000 from Irving Shapiro of Wilmington, Del., former chairman of E. I. duPont de Nemours & Company, to endow emergency loans for law students.