Liberal billionaire philanthropist George Soros, who funds progressive drives and causes worldwide, has committed $500 million to a private liberal arts college in New York that seeks to enrich “democratic discourse by training tomorrow’s thought leaders.”
Bard College announced the donation on Thursday, describing the gift as “transformational,” calling it “among the largest ever made to higher education in the United States.” According to the school, the funding “will facilitate and strengthen Bard’s exemplary educational and social initiatives, establish the College’s most substantial endowment ever, and set the stage for a $1 billion endowment drive.” Bard officials said the school had already raised an additional $250 million “in response to Mr. Soros’ generous challenge grant,” and expects to raise another $250 million over the next five years.
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