Tuesday, April 14, 2009

Weill uses $170 million Cornell gift to tell other philanthropists to put up | The Fundermentalist | JTA - Jewish & Israel News

Weill uses $170 million Cornell gift to tell other philanthropists to put up | The Fundermentalist | JTA - Jewish & Israel News: "But last year, the president of the University, which has seen its endowment of $5.39 billion last June lose more than a third of its value and which has an 8 percent deficit on its $2.9 billion budget, according to the Times, asked Weill if he would consider giving a chunk of the money now so that Cornell could move ahead with plans to finish construction on a new building by 2013.

The ex-banker forked over the $170 million – this, despite that he had seen his personal wealth plummet."

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