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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-17-08 08:50 PM
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2. Friend of Poppy
Walter Annenberg, BFEE



Annenberg Gift a Point of Light, Bush Says

The New York Times
AP March 4, 1990

President Bush, describing himself as a longtime supporter of the United Negro College Fund, used his best-known term for private charity in praising the gift of $50 million by Walter H. Annenberg to the consortium of private black colleges.

President Bush, describing himself as a longtime supporter of the United Negro College Fund, used his best-known term for private charity in praising the gift of $50 million by Walter H. Annenberg to the consortium of private black colleges.

"Our Administration has stepped up support for historically black colleges and universities, the endowment concept there," the President said, predicting that Mr. Annenberg's generosity would be a challenge "that will bring on well-deserved support from others."

"It's most generous, and one of the most brilliant thousand points of light I can think of," he said.

Mr. Annenberg, the 82-year-old former United States Ambassador to Britain and builder of a sprawling publishing empire, said today he hoped the donation would raise the educational aspirations of young black people.

In remarks to The Los Angeles Times, which, along with The New York Times, reported the plan in today's editions, Mr. Annenberg said, "Unless young blacks are brought into the mainstream of economic life, they will continue to be on the curbstone. The key to this problem is education." "Black colleges have got to be supported," Mr. Annenberg continued. "The entire country has to get behind this. Foundations, corporations and private citizens. We can't just leave this for the Government to do."

Mr. Annenberg was expected to announce the gift Sunday at his estate here, where President and Mrs. Bush are weekend guests. Mr. Bush is the honorary chairman of a three-year capital drive by the consortium.

CONTINUED...

http://query.nytimes.com/gst/fullpage.html?res=9C0CE3D91031F937A35750C0A966958260



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