President Conant announced a gift of half a million dollars last night for improving and altering buildings at the Graduate Schools of Business Administration.
The money came from the George F. Baker Trust.
"This generous gift expresses the continuing interest of the Baker family in an important educational enterprise. It will enable the University to bring to new usefulness the buildings which Mr. Baker's father gave," commented President Conant in revealing the grant.
Rune in Family
The Baker trust was set up under the will of the late George F. Baker '99, former New York Banker, who gave $1 million as an endowment followed the 1924 gift from his father of $5 million for the actual construction of the school's buildings.
Both of the George F. bakers were leaders in business and industrial affairs in New York and each served as chairman of the board of the First National Bank of the City of New York.
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