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Martin Tang SM ’72 offered another $100,000 to benefit MIT students if MIT10 undergraduate alumni could meet his challenge this year: 3,500 donors by June 30, 2008. Also, Jerry Appelstein ’80 challenged MIT10 to “pick-up-the pace” offering a total of $50,000 to MIT on behalf of the top 3 classes to add the most donors by mid-May 2008. Both agreed to give MIT10 donors the power to collectively decide—via individual votes—where the money would be spent.
True, MIT10 did not meet the highest rung of Martin’s challenge, but they came in strong with 2,834 donors overall, achieving the second highest MIT10 participation rate in over a decade, and securing $25,000 of Martin’s funds. In addition, the Classes of 1998, 2006, and 2007 won top honors in Jerry’s race, securing between them $50,000 for MIT.
Voting among MIT10 donors showed an overwhelming preference for using Martin’s $25,000 to benefit scholarships. Voting among the 3 winning classes in Jerry’s race determined that his prize money would be allocated: $35,000 to scholarships and $15,000 to student life programs.

 

 

 
                                                                                                                                 
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