Columbia University Given $60-Million Gift
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<i> Associated Press</i>
NEW YORK — In the largest cash gift ever given to Columbia University, businessman John W. Kluge announced Monday that he has donated $60 million for a financial aid endowment for minority scholarships at Columbia College.
Kluge, a 1937 graduate of the college, said he wanted to ensure that the college would continue to admit students regardless of their financial need, a policy the school has followed since the 1960s. Kluge is chairman of Metromedia Co.
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