Post Gazette: A philanthropist and former steel executive is giving Carnegie Mellon University $265 million, its biggest gift ever and one of the 10 largest by an individual to private higher education in the United States, the Pittsburgh Post-Gazette has learned.
Thursday, September 08, 2011
CMU gets $265 million gift from William S. Dietrich
Post Gazette: A philanthropist and former steel executive is giving Carnegie Mellon University $265 million, its biggest gift ever and one of the 10 largest by an individual to private higher education in the United States, the Pittsburgh Post-Gazette has learned.
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5 comments:
This is great news for our university, and I am very grateful for how Mr. Dietrich has decided to help promote the development of Carnegie Mellon University even further than where it is now. I hope that this contribution will be distributed logically to the different schools and financial needs of the university.
As the comment above said, it's great news for the university. I'm sure that I'm unlikely to see any direct effect from it (particularly since the money won't actually be delivered until his death) but in the future there's a lot that amount of money can do. I didn't see it in the article, but I read somewhere that even adjusted for inflation this is a larger gift than even what Carnegie gave when he started the school. If Carnegie's gift 100 years later has turned into what the university is today, what will it become with this new gift? How about when you look back and realize that this is about 1/4 of the proceeds of the fundraising campaign?
It is great to see such a large gift to come to CMU and it will surely help the University in the coming years. I'm excited to see what changes, they say a lot will change but when I think about the money that is being raised along with this donation (this donation is a fourth of our endowment) it will certainly be a huge help but it takes a lot more money than this to allow CMU to achieve their current goals of making CMU a global name.
As President Cohon said, "'Wow' is a pretty good word to start with." This is an unbelievable gift to the university as a whole. I hope there plans for scholarships and artistic creation are true and that many students enjoy the benefits of this donation. It is a remarkable gift, thank you Mr Dietrcih.
As others so far have noted, this is wonderful news, and a fantastic gift for the university, and I'm sure this money will do quite a bit of good throughout the various colleges. I think this will help out a fair bit in terms of the goals that the university has and changes it wants to make moving forward. While it certainly won't do everything. It's a gigantic step in helping the university continue to reach the goals, and it'll be great to see what the money is used for going forward
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