Harvard Says That for $1 Billion, You Can Rename Its Medical School

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Got a billion dollars burning a hole in your pocket? Consider: donating it to Harvard Medical School in exchange for naming rights.

Bargain BasementAs the Harvard student newspaper, The Harvard Corporation — the governing body that prides itself on its status as the "oldest corporation in the Western Hemisphere," according to its website — has put the naming rights to Harvard Medical School up for sale, asking for a wee unrestricted donation of $1 billion in exchange for the go-ahead to slap your moniker of choice on the storied establishment's facade.

The Ivy League school has been on somewhat of a renaming spree throughout the last decade, beginning back in 2014 when Harvard alumni Gerald L. Chan, the billionaire investor who runs the Morningside investment group with his brother Ronnie, gave an unrestricted $350 million to the university's School of Public Health — the largest in the school's history at the time — and saw the school renamed in his honor.

As the Crimson points out, it wouldn't be the first time a top university raked in a billion-plus dollar cash prize. Last year, venture capitalist John Doerr — who made his fortune investing in little-known companies like Slack, Google, and Amazon — gave

 

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