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Investor to Donate $75M to Higher Education Philosophy Program

Financing January 2018
William H. "Bill" Miller III is donating $75 million to Johns Hopkins University's philosophy department in a record-setting gift to the university's humanities programs. Miller's donation will be used to increase the department's full-time faculty and create nine endowed professorships. $10 million will be allocated for graduate students and post-doctoral fellows, and the university anticipates offering new undergraduate courses.

BALTIMORE (AP) — An investor will donate $75 million to Johns Hopkins University's philosophy department in a record-setting gift to the university's humanities programs.

The Baltimore Sun reports the university said in a statement Tuesday that William H. "Bill" Miller III's donation is thought to be the largest ever made to a university philosophy program.

Miller's donation will be used to increase the department's full-time faculty and create nine endowed professorships. $10 million will be allocated for graduate students and post-doctoral fellows, and the university anticipates offering new undergraduate courses.

The 67-year-old Miller enrolled in a doctoral philosophy program at the Baltimore university, before leaving to pursue a career in investment management. He credits his business success to philosophy studies.

University President Ronald J. Daniels says the donation illustrates that philosophy still matters.

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Information from: The Baltimore Sun, http://www.baltimoresun.com

 

 

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