Columbia alumnus gives $400 million
From Times Wire Reports
Billionaire media entrepreneur John Werner Kluge is giving $400 million to Columbia University for financial aid, the university announced.
Although most large donations are made toward the construction of a building or to endow a professorship, Kluge wanted his money to go for financial aid to students.
The donation is the largest gift in Columbia’s history and will come from Kluge’s estate when he dies.
Kluge attended Columbia on scholarship.
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