Article

Procter & Gamble Grant

May 1955
Article
Procter & Gamble Grant
May 1955

To the scholarships financed by American business firms and corporations Dartmouth next fall will add a new fulltuition scholarship made possible by Procter and Gamble. Dartmouth is one of 46 privately supported colleges and universities included in the company's plan, which will provide approximately 240 scholarships when in full operation four years from now.

The full-tuition, four-year scholarship available to a Dartmouth freshman next fall will carry no restriction as to course of study or future employment, and the recipient will be chosen by the College in accordance with regular procedures. Procter and Gamble will also provide the schola rship recipient with an allowance for books and supplies, and in recognition of the fact that tuition does not cover the entire cost of education, it will make an annual grant of $500 to the College for each scholarship. It is expected that one man in each Dartmouth class, from the Class of 1959 on, will hold a Procter and Gamble Scholarship.

In announcing its scholarship program, Procter and Gamble said that the entire

system of private enterprise "rests upon a structure of enlightened and informed public opinion and can best be nurtured and sustained by educated employees, educated owners and educated customers." It accepted a responsibility for assistance to institutions which have produced its executives and will produce others in the future, and also stated its conviction that "assistance to education is in the interests of our current business and our long-term growth."