May 17, 2001

$400-Million Grant Wasted an Opportunity

By RICK COHEN

The foundation created by William Hewlett, the computer pioneer, portrays itself as "society's risk taker," a fund that makes "big bets with big potential payoffs." With its recent $400-million grant to Stanford University -- the largest foundation award ever made to an institution of higher education -- the William and Flora Hewlett Foundation has lived up to its commitment to being "big."

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