Brandies University today was awarded a second $6,000,000,000 grant by the Ford Foundation for use in its “over-all academic development.” The 16-year-old Brandeis became one of only five universities in the United States to be so honored by the Foundation.
Brandeis president Abraham L; Sachar, who said he was “jubilant” over receiving the second grant, announced that the university would use the money primarily to encourage endowments for faculty chairs, as well as fellowships and scholarships.
The new grant, which Brandeis must earn by raising an additional $18,000,000 in three years, was awarded under the Foundation’s Special Program in Education, and may be used for any academic purpose Brandeis determines. This is in contrast to most Foundation grants, which are for a specified purpose, such as research, fellowships, or experimentation in certain subjects.
Also receiving second grants today were the University of Southern California, $7,500,000; and Brown University, $5,000,000. Johns Hopkins University and the University of Notre Dame received second grants in 1962 and 1963, respectively.
Brandeis received its first $6,000,000 Ford grant in December 1962; Three years were allotted to the university to raise the required $18,000,000 in matching funds. However, Brandeis completed the matching requirements in half the allotted time, thus qualifying for the opportunity to apply for still another Ford grant.
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