Duke to Receive $10 Million for Its Financial Aid Initiative

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DURHAM, N.C. -- The Bill & Melinda Gates Foundation of Seattle will contribute $10 million to Duke University to support scholarships for undergraduates and business school students, Duke President Richard H. Brodhead announced Tuesday.

The gift will provide $9 million in endowment to support need-based undergraduate scholarships and $1 million in endowment to support scholarships for students at Duke’s Fuqua School of Business.

To read the full press release, visit the Duke University Web site.