U.S./world – $400M for Stanford – Seed money to raise $1B

Stanford University is getting $400 million from the Hewlett Foundation in what is believed to be the largest donation ever to a university, The New York Times reported May 3.

The gift, seed money to raise $1 billion for the School of Humanities and Sciences at Stanford, follows the university’s best fundraising year.

Stanford in 2000 raised $580 million, more than any other school, and now has an $8 billion endowment, the Times said.

Stanford already has received roughly $400 million from the families of William R. Hewlett, who died Jan. 12, and his college friend, David Packard, whose $538 partnership grew into Hewlett-Packard, one of the top U.S. computer makers.

For full story, go to The New York Times.

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