Music magnate's widow gives £26 million to Oxford University



LONDON- The widow of Atlantic Records founder Ahmet Ertegun has given £26 million ($41 million, 31 million euros) to Oxford University, the British institution announced on Wednesday.
It said the donation, which will fund humanities scholarships for graduate students, was one of the biggest in its 900-year history.
Ahmet Ertegun, who founded Atlantic with Herb Abramson in 1947, shaped the careers of artists including the Rolling Stones, Aretha Franklin, Eric Clapton and Led Zeppelin.



Music magnate's widow gives £26 million to Oxford University
The label, which was sold to Warner Bros in 1967, counts Genesis star Phil Collins, American rapper Missy Elliot, and Jamaican reggae singer Sean Paul among its artists.
Mica Ertegun said her Turkish-American husband, who died aged 83 in 2006, had been a strong supporter of the humanities.
"For Ahmet and for me, one of the great joys of life has been the study of history, music, languages, literature, art and archaeology," the Romanian-born interior designer said.
"In these times, when there is so much strife in the world, I believe it is tremendously important to support those things that endure across time, that bind people together from every culture."
The Mica and Ahmet Ertegun Graduate Scholarship Programme in the Humanities will hand out 15 scholarships a year in subjects such as literature, history, music and archaeology, Oxford University said.
The fund, which will also pay for a research centre in Oxford, will eventually award at least 35 scholarships a year.
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Thursday, March 1st 2012
AFP
           


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