![]() Parker to Acquire LORD Corporation in Strategic Transaction that Significantly Expands Engineered Materials Business Davenport, Vice President, Corporate Finance 216/896-2265 Symbol: PH – NYSE And these donations come on the heels of a record year in 2018 charitable contributions to higher education totaled $46.73 billion in 2018, a 7.2% increase over the prior year, making it the highest level ever.Contact: Media – Aidan Gormley, Director, Global Communications and Branding 216/896-3258 Analysts – Robin J. The Lord bequest is just the latest in nine-figure mega-gifts to colleges and universities during 2019. It’s been a remarkable year for higher education philanthropy. Likely priorities include support for graduate students, renovation of academic buildings, and supporting MIT’s study of climate change. MIT was considering several targets for the gift, according to Provost Martin Schmidt, who said that the value of the gift was magnified because of its flexibility. The Cleveland Clinic will use the gift, the largest in its history, to support graduate and postgraduate education and to advance research in immunology, a field where the institution is already a recognized leader. “From the foundation’s earliest investments in our Pratt School of Engineering to this truly visionary distribution, Tom Lord has left a lasting legacy on Duke’s campus, one that will continue to improve the lives of our students, faculty, staff and those who benefit from their work, for many decades to come.” “The Lord Foundation’s exceptional support for Duke will transform our efforts to address the world’s most intractable problems,” said Duke President Vincent E. According to reporting in the Washington Post, USC Provost Charles Zukoski indicated that the university was looking to focus the money “around a narrow set of topics to have an enormous impact.” He suggested the possibility that fields like data science and artificial intelligence would be bolstered to address environmental issues or challenges confronting the big cities.ĭuke plans to plow the entire $261 million into its endowment, which now stands at about $8.6 billion. ![]()
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