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November 22, 2008 5:30:51 AM CST

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$100 Million Here, $100 Million There...

Posted Jun 2, 07 6:38 AM CDT in US,  Business,  Science & Health,  Arts & Living 

(Newser) – And, as Illinois' late Senator Everett Dirksen once said, you are talking about real money. Tom Siebel, University of Illinois graduate and founder of Siebel Systems, a customer management relationship software firm, pledged $100 million in his will to the U of I.

The gift is in addition to $40 million Siebel previously pledged and is part of the university’s $2.25 billion fundraising campaign. It comes a day after the University of Chicago announced an anonymous $100 million donation to eliminate the need for lower income students to take out loans for tuition.

Source Chicago Tribune

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    U Chicago Receives $100 Mil Gift An anonymous donor has pledged the largest gift ever—$100 million—to the University of Chicago. The gift's purpose is to eliminate student loans for undergraduates from low-income families. The donor came from a family of modest means and has, quite obviously, done well for himself . The university identified the donor only as a man.  More »

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