Wednesday, September 13, 2006

YU Receives 100 Million Dollar Gift

Check the New York Times' Metro section, everyone-

YU Receives 100 Million Dollar Gift which is, as quoted in the article "the largest single gift ever to support Jewish education in the United States."

After this, the sky's the limit. Now that Richard P. Stanton has set the precedent, who knows what is to follow?

It's amazing when philanthropists help their own. Joseph Aaron has commented frequently on the many Jewish philanthropists who will give to any cause except their own people lest they be deemed exclusive. Richard P. Stanton, on the other hand, is expressing support for all of us with this...

Huzzah Jews! Huzzah Judaic Studies! And pretty much, huzzah for people who are willing to demonstrate they care about their religion and its vibrancy...in public.

9 comments:

Anonymous said...

Aren't YU glad you didn't go to Univ. of Chicago?

Charlie Hall said...

As a YU faculty member, I can't help but be excited.

The article noted that Mr. Stanton has also contributed large amounts to his congregation.

Another wealthy individual who has contributed enormously to Orthodox institutions is Howard Jonas.

-Yair said...

Maybe they'll finally build a staircase in the Gottesman library...

Sarcasm aside, it's an amazing donation. We all need to be grateful to Mr. Stanton for helping to promote the gem that is YU.

PsychoToddler said...

Maybe my daughter can get a break on her tuition now.

Right.

Scraps said...

Hmmm...now the question is, what will they do with this money? Because I doubt that this will trickle down to the staff and students in the form of raises and tuition breaks...

Halfnutcase said...

huzzah! at least someone is giving money to schools, they need it just so much.

this is a good thing, hopefully we'll see more of it in the future.

Rare Find said...

I've heard that YU invests a lot of money in CJF, and will probably invest a lot more as it grows. Call me crazy, but I have a rumbling in my tummy that says a nice chunk of this donation will be headed that way. CJF has been criticized and called pointless since its inception. I for one think it can be very useful; it just hasn't been around long enough to make an impact yet. Hopefully, with the funding it will now receive, the CJF can live up to its potential.

With all the finger pointing, however, I am slightly nervous that if we do invest it in CJF, it just may end up being wasted. I hope this won't be the case.

All in all, it was an awesome (in the full sense of the word) donation on behalf of Mr. Stanton. I hope the cash is put to good use, whether in CJF, student affairs, or any other capacity. Who knows... maybe we'll even get a tuition break.

mother in israel said...

What a great thing. Hopefully YU will use the money to hire top faculty and improve the various academic departments.

Jameel @ The Muqata said...

They should really try to keep the YC library open longer...