Word: endowment
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Dates: during 1980-1989
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...International Business Machines Corporation (IBM) has pledged $1 million to endow a professorship in computer science. The pledge is as large a corporate grant as the University's $250 million capital fund drive has received...
...grant joins a $500,000 grant made by CBS last summer to help endow the first of two planned professorships in the Center...
...disagrees: "While most people over 30 are somewhat intimidated by computers," he says, "the younger game players accept them as tools to be used, to be taken for granted, to be enjoyed. They are better prepared than we are for the computer revolution." Skow, a cheerful skeptic, refuses to endow the phenomenon with any cosmic significance at all. His view: "It's just another manifestation of human mania, our endearing quality of going relentlessly after absolutely pointless goals...
...second law of corporate contributions: companies are always more willing to give when their giving is seen. "Many companies are reluctant to give for endowment, for bricks and mortar," Stephenson observes. They are more likely to endow professorships or support buildings and forums, than they are to donate money for unrestricted...
...Lowell resigned as president, and by curious coincidence, later that year, an anonymous donor came up with the million-odd dollars needed to endow the Society. Upon Lowell's death in 1943, it was revealed that he himself was the mysterious underwriter--"It took nearly all I had," he wrote--and the endowment became known as the Anna Parker Lowell Fund, in memory of the late president's wife...