Loeb Makes Large Grant For Harvard

The Graduate School of Design has received a gift of $1 million from John L. Loeb '24 as part of its $11.6 million fund drive. Loeb was the major benefactor of the Loeb Drama Center.

The senior partner of Loeb, Rhoades and Co., a New York investment banking center, he has been chairman of the national committee for the Design School's fund drive for the last two years.

The Design School's drive now stands at $9.3 million according to William A. Doebele, Associate Dean for Development of the Graduate School of Design. Doebele said yesterday that he hopes to wind up the drive by the end of June.

The $11 million is intended to educate urban specialists in landscaping, city planning, and regional planning. According to Doebele, $6 million will be allocated for building, $2 1/2 million for advanced environmental studies, $1 million for new laboratories and workshops and $2 million for increased financial aid to students and large salaries for the Faculty.

The new program in advanced environmental studies will include the creation of four new professorships, one of which was funded by a Ford Foundation grant last Fall.

Loeb did not specify how the funds should be used and the Design School has not yet decided how they will be allocated.

The Business School announced yesterday that Loeb's firm had provided $100,000 to establish the Loeb-Rhoades Fellowship Fund, which will endow two fellowships annually for students concentrating in finance.

Loeb, a past member of the Board of Overseers of Harvard, had been with Loeb-Rhoades and Co. since 1931. He is involved in many philanthropic projects, among them the New York Hospital where he is on the Board of Governors.