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Associated Press - June 9, 2009 12:55 PM ET
HANOVER, N.H. (AP) - More than $15 million has been promised to Dartmouth College in the name of James Wright, who will resign as the Ivy League school's president later this month.
The total includes $3 million from the Sherman Fairchild Foundation to establish the James Wright Professorship, which will be awarded to an outstanding scholar and teacher from any department who has the potential to widely influence intellectual life. Another $12.5 million will be used for student scholarships and to support the student experience.
Wright is retiring June 30 after 11 years as president and 40 years at the college. He will be replaced by Jim Yong Kim, chairman of Harvard Medical School's Department of Global Health and Social Medicine.
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