Philanthropist Offers $4 Million for Veterans’ Education


November 16, 2007 – Some returning veterans are finding that their education benefits aren’t enough to cover the high cost of college.

To help bridge the gap, financier Jerome Kohlberg, a World War II navy veteran, has established a scholarship for veterans of Iraq and Afghanistan.

The honorary board of advisers for the new Fund for Veterans’ Education includes actors Lauren Bacall, Harry Belafonte and Paul Newman; journalist Bill Moyers; author Gore Vidal; former senators Bob Dole and Warren Rudman; and former Rep. Pete McCloskey.

Kohlberg said in a statement that he has committed $4 million. The goal is to provide scholarships to at least one veteran from every state for the 2008 spring and fall semesters.

Kohlberg, a resident of Mount Kisco, is a senior founding partner of Kohlberg, Kravis, Roberts & Co., a private equity firm.

He says his own college tuition was paid in full by the GI Bill of 1944.

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