March 28, 2007

This Week In History

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On March 27, 1973, President Dale Corson announced that donations to Cornell had reached an all-time high, according to Sun archives.

According to Corson, Cornell had received $20 million in gifts for the year, $7 million more than the year before.

At the time of the announcement, Cornell had been struggling with financial difficulties with New York State, but that 1973 would be “an all-time high as far as gifts are concerned,” according to Sun archives.
While Corson announced the high donations to Cornell, he also discussed the “substantial cuts” by the state to Cornell’s statutory colleges, including a proposed $20,000 funding cut to the School of Industrial and Labor Relations.

“The state budget examiners who look at our budget don’t understand our mission,” Corson told The Sun.