Harvard receives $12.3 million from Lily Safra to support Edmond J. Safra Center for Ethics
Harvard University has received a gift of $12.3 million (10 million euros) from Lily Safra. Given in memory of her late husband, Edmond J. Safra, founder of the Republic National Bank of New York and prominent philanthropist, the gift will support the activities of the Edmond J. Safra Center for Ethics, permanently endow the graduate fellowship program, and fund the recently launched Research Lab. This personal gift from Mrs. Safra follows a donation of $10 million from the Edmond J. Safra Foundation to endow the center in 2004. “We are grateful for this timely gift to the Safra Center,” said Harvard President Drew Faust. “At a moment in history when many people are examining the global financial system and the role of public institutions, we will all benefit from serious research into the increasing complexity of public life and the ethical issues faced by corporate leaders.” “This gift will allow the center...