Thursday, September 16, 2004

CNN.com - Dropout gives Brown $100 million - Sep 15, 2004

CNN.com - Dropout gives Brown $100 million - Sep 15, 2004: "BOSTON, Massachusetts (Reuters) -- A man who dropped out of Brown University decades ago because he couldn't pay the tuition has given the Ivy League college $100 million, its biggest gift ever, which he made by selling liquor.

The Providence, Rhode Island university said it will give the money to its neediest undergraduate students as scholarships, eliminating the need for loans.

Sidney Frank, who built an importing business that distributes liquor, attended Brown more than 60 years ago but could not afford to earn a four-year degree.

Since then he has made a fortune importing drinks like Jaegermeister -- a green, medicinal-tasting German liqueur popular among college students."

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