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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (51027)	10/11/2000 6:03:04 PM
From: Proud_Infidel	Read Replies (3) \| Respond to of 74651

Cambridge university gets $210 mln gift from Bill Gates LONDON, Oct 11 (Reuters) - The Bill and Melinda Gates Foundation presented a $210 million gift to Cambridge University on Wednesday, offering gifted students from around the world a chance to study at the elite British institution. The money, given by the Seattle-based foundation set up by the billionaire chairman of Microsoft Corp (NasdaqNM:MSFT - news), Bill Gates, will fund around 225 ``Gates Cambridge Scholars'' each year and will run in perpetuity, the university said in a statement. Scholarships will only be awarded to non-British students. The foundation hopes to ``create a network of future leaders who will bring new vision and commitment to improving life circumstances of citizens in the respective countries,'' the statement said. Bill Gates senior, the father of the world's richest man and co-chair of the foundation, visited Britain on Wednesday to finalise details of the fund. He said he was thrilled to be able to offer bright, deserving students the chance of a ``world-class education at Cambridge''. ``We are hoping that the young people we select will be motivated to use their education to put something back into society for the benefit of a much wider community,'' Gates said. Gates scholars will be selected on ground of academic ability and leadership potential, and the foundation's money will cover all their costs, the university said. Scholarships will have a tenure of one to three years, with the possible extension of a fourth year, and graduate students can apply now for entry in 2001. The Bill and Melinda Gates Foundation is the richest in the world with more than $21 billion of funds. It focuses its attention on health issues including vaccines, child health and illnesses associated with poverty as well as academic funding.