A $100-million gift for Harvard

Philanthropist David Rockefeller donated a record $100 million to Harvard University’s undergraduate program, the largest gift by a Harvard alumnus in the history of the oldest and richest U.S. college, the school said Friday.

About $70 million will be used to expand Harvard’s student travel and study-abroad programs and $30 million will go to arts education, officials said.

Rockefeller, 92, the last surviving grandchild of billionaire oil tycoon John D. Rockefeller, is listed by Forbes magazine as one of the 150 wealthiest Americans, with an estimated fortune of $2.7 billion.

He graduated in 1936 from Harvard College, the school’s undergraduate arm.

“Harvard opened my eyes and my mind to the world,” Rockefeller said in a statement. “It was because of Harvard’s language requirement that I spent the summer of 1933 in Germany and saw firsthand the ominous rise of fascism. And it was at Harvard that I first studied art history.” He is a noted art collector.

The gift will provide annual stipends for students going abroad.

Harvard is the wealthiest university in the United States; its endowment is the largest in the world, with assets of $35 billion.

Rockefeller had previously given $40 million to Harvard, including $25 million to create the David Rockefeller Center for Latin American Studies, Harvard said.

“This is a magnificent act of generosity from an extraordinary friend of Harvard,” said Harvard University President Drew Faust.