HENRY KRUMB Left university $16 million.
[From article]
Krumb’s gift to Columbia totaled $16 million.
[. . .]
Krumb’s gift was contingent upon Columbia continuing to offer two degrees — engineer of mines and metallurgical engineer.
But in 1998, Columbia essentially did away with its traditional mining courses and replaced them with a program in “earth and environmental engineering.”
The Krumb chair in mining has been vacant for at least two decades. Another endowed chair, the Stanley-Thompson chair in chemical metallurgy, has been empty for about five years.
[. . .]
Krumb’s will specified that if the mining program folded, and the two degrees were not offered, at least half of the endowment should be transferred to Memorial Sloan-Kettering Cancer Center, with some scholarship fund money going to Lenox Hill Hospital.
But it remains a mystery what happened to the Krumb cash.
http://www.nypost.com/p/news/national/columbia_mine_boggler_Mhmq22ZXJVIM4TowZuCNJO
Magnate's missing millions: Columbia University mining program runs dry
By ISABEL VINCENT and MELISSA KLEIN
New York Post
Last Updated: 6:42 AM, August 25, 2013
Posted: 1:39 AM, August 25, 2013
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