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Resource ID: #17915
Subject: Colleges
Source: Wall Street Journal (New York)
Affiliation: 
Date: 8-Mar

Description

"When Philip Holton died in 1995, followed two years later by his wife, Ruth, they left $128 million to little DePauw University here in the flatlands of central Indiana. . . but good fortune can be expensive". Now DePauw is finding new costs, including a staff to manage the money, in addition to deciding how to divide it among its academic departments. While the contribution has helped the school fulfill ambitions, it has also weighed down the system with new problems. June Kronholz reports more.

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