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John D. Rockefeller pledges $5 million toward new HBS buildings if another $5 million can be raised by July 1950

John D. Rockefeller pledges $5 million toward new HBS buildings if another $5 million can be raised by July 1950

HBS raises $12.1 million

In response to Rockefeller's 1948 challenge grant, HBS raises a total of $12.1 million, including a $2 million from the Kresge Foundation, and gifts from 45 companies and 1,500 individuals