University Receives Record Challenge Grant
Johns Hopkins University announced Monday that it has received a $50-million challenge grant, the largest donation for arts and sciences ever made to any university.
The Krieger Fund, founded by Baltimore lawyer and investor Zanvyl Krieger, a Hopkins alumnus, will match--dollar for dollar up to $50 million--every donation made in the next five years to the financially pinched School of Arts and Sciences.
Hopkins President William C. Richardson said the gift will be invested and the interest will be used primarily for scholarships and faculty salaries.
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