Graduate Pledges $11M to Wellesley
Apr. 30, 1998
WELLESLEY, Mass. (AP) _ A graduate has pledged to give Wellesley College $11 million, the largest single gift in the college's history.
The money will be used for international studies, especially involving the former Soviet Union and eastern Europe.
The pledge was made by 91-year-old Kathryn Wasserman Davis of Tarrytown, N.Y., who graduated from Wellesley in 1928 and has been a trustee since 1984.
College officials said $5 million of the gift, which was announced Tuesday, will be for scholarships for at least 10 students from overseas, with preference given to those from the former Soviet Union and eastern Europe.
An equal amount will go for internships, research and financial assistance for Wellesley College students to study abroad.
The remaining $1 million will be spent to increase the international expertise of the faculty.
Before the $11 million pledge, the largest gift to the college was a 1989 pledge of $10 million by an unrelated Davis couple, Elisabeth Kaiser Davis, a 1932 graduate of Wellesley, and her husband, Stanton W. Davis.