Wednesday, November 08, 2006

Billionaire’s $250 Million Donation Saves Private University in Germany - New York Times

Billionaire’s $250 Million Donation Saves Private University in Germany - New York Times: "Billionaire’s $250 Million Donation Saves Private University in Germany

By MARK LANDLER
Published: November 8, 2006

BREMEN, Germany, Nov. 2 — Klaus J. Jacobs, a German-born billionaire who lives in England and studied at Stanford, came back to his hometown here the other day to announce that he was donating more than $250 million to the International University Bremen.

The gift is the biggest private donation ever made to a German university — so big, in fact, that its only real parallel is the kind of mega-philanthropy that periodically swells the coffers of American universities.

That is precisely the point for Mr. Jacobs and for the newly appointed president of the university, Joachim Treusch."

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