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Raines Gift Supports KSG Library

Franklin Raines '71, JD '76 and Wendy Farrow Raines '79 have made a generous gift to the John F. Kennedy School of Government (KSG) that supports the library and other critical areas of the School's public service mission. Kennedy School Dean Joseph S. Nye, Jr., announced the gift on January 27. In recognition of the Raines' generosity, Nye said that the main reading room of the Kennedy School library will be named in their honor, and that a Raines Family Book Fund will support the acquisition of public policy books and other print materials.

The Raines gift will also make possible the restoration of the KSG Library's "After-Hours Study Hall," which was curtailed this year as a cost-saving measure in response to the School's recent budget difficulties. "I have been an admirer of the Kennedy School since its origins in the original Littauer building," Franklin Raines stated. "The library is the heart of any academic institution, and we are happy to be able to help keep the Kennedy School library healthy."

Raines is chairman and CEO of Fannie Mae, America's largest source of financing for home mortgages, and he served as director of the Office of Management and Budget in the Clinton administration. He has served as chairman of the Kennedy School's Visiting Committee and chairman of Harvard's Board of Overseers.

"Frank and Wendy Raines are wonderful friends of Harvard and of the Kennedy School in particular. Frank has been a champion of the Kennedy School for many years, providing leadership to the Visiting Committee, insight, and expertise on policy, growth, and management issues. It is particularly gratifying to have this gift for the core needs of the School from someone who knows us so well," commented Nye.

"The Raines donation couldn't have come at a better time for us," noted KSG Library Director Ellen Isenstein. "Because of the Kennedy School's financial difficulties, our budget for print material had been reduced to a painfully limited level. Thanks to the generosity of the Raines family, our funding for books has been restored and we have been able to order a number of important titles that we had been accumulating on a 'wish list' since the beginning of the fiscal year. The best news is that the gift provides support for book purchasing for a five-year period, which should see us through until the economy improves."

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Last modified on Wednesday, March 19, 2003.