Duke University will receive ten million dollars for scholarships as part of another gift from the Bill and Melinda Gates Foundation.
Duke President Richard Brodhead said yesterday the donation includes nine million dollars for financially needy undergraduates and one million dollars for graduate students in the Fuqua School of Business. The money will be invested in an endowment to pay for scholarships.
Melinda French Gates, wife of Microsoft Corporation co-founder Bill Gates, has an M-B-A from Duke and is a former university trustee. The gift follows one earlier this month from the Gates Foundation and the Charlotte-based Duke Endowment. In addition, the Gates family gave Duke 20 million dollars in 1998 to establish a scholarship program that has supported 154 students so far.