A $250,000 gift by Peter Volid, a Chicago businessman, toward the establishment of a $400,000 professorial chair in economics at Brandeis University, was announced today by Dr. Abram L. Sachar, president of the University.
Dr. Sachar said that the gift will be supplemented by a $150,000 grant from the Ford Foundation under the terms of a matching grant made to Brandeis to encourage the establishment of chairs, fellowships and scholarships. The first incumbent of the Peter Volid Chair in Economics will be named shortly, Dr. Sachar said.
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