Receipt of a second $100,000 gift from Dr. Gerard Swope for the Gerard Swope Student Loan Fund at Technion-Israel. Institute of Technology was announced today by David Rose, president of the American Technion Society.
Dr. Swope, formerly president and now honorary life president of the General Electric Company, established the loan fund in 1954 with a $100,000 gift for the benefit of needy students of the Technion and also the Hebrew University. The new contribution is solely for students of Technion.
In former years, Dr. Swope established similar loan funds for students at the Massachusetts Institute of Technology, Dartmouth College, Union College, Rutgers University, Bryn Mawr College and Barnard College-Columbia University. He also established a loan fund for students of the high school in St. Louis which he attended in his youth.
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