Douglas Dillon Fellowship Fund Harvard Graduate School of Arts and Sciences
Accomplishments spanned realms of regime, affairs, finance, economics, and art
C. Douglas Dillon '31, LLD '59, the old U.S. treasury secretary and president of the Harvard Lath of Overseers whose accomplishments spanned the realms of government, diplomacy, finance, economic science, and art, died last Friday (January. ten) at age 93. Dillon had lengthy and distinguished careers in investment banking and public service, ultimately serving in the administrations of 3 U.S. presidents.
After graduating magna cum laude from Harvard, Dillon bought a seat on the New York Stock Exchange and went on to get president of the U.s.a. and Foreign Securities Corporation. In 1938, he became a vice president and managing director of Dillon, Read and Company, an investment bank founded by his father, and was later elected chairman of the board.
Dillon's Wall Street career was interrupted for active duty in the Navy, and he was called back into public service when President Dwight D. Eisenhower appointed him ambassador to France in 1953. He went on to serve as undersecretary of state until President John F. Kennedy appointed him secretarial assistant of the treasury in 1961. He continued in the function of treasury secretarial assistant during President Lyndon B. Johnson'due south administration.
"We are grateful for his leadership during a critical time in Harvard's history, and his efforts to come across that Harvard might become a truly international institution," said President Lawrence H. Summers. "This university and our nation both owe much to Douglas Dillon."
Later 12 years of government service, Dillon returned to New York in 1965 and became president of the Metropolitan Museum of Art , where he spent years expanding the museum's drove of Asian fine art and orchestrating the museum'south fundraising campaigns. He also returned to the individual sector every bit chairman of Dillon, Read and equally president of the United states and Strange Securities Corporation and of the United States and International Securities Corporation, positions he held until 1984.
Throughout his life, Dillon maintained close ties with Harvard, serving 2 terms on the Board of Overseers and as president of that board from 1968 to 1972. He served on 11 visiting committees, including the Kennedy School, the Center for International Affairs, and the Schoolhouse of Public Health. He was a lease member of the Executive Commission of the Committee on University Resources, and served as an honorary campaign chair for the University and as a member of the president'south International Committee.
Dillon volunteered his time on his class steering commission for near a decade, and was form chairman from 1997 to 1999. He was also chairman for the Grade of 1931's 65th reunion souvenir.
Several funds in the Faculty of Arts and Sciences deport the Dillon name: the Dillon Fellowship Fund, to support undergraduate and graduate students from outside the Usa who nourish Harvard, the Dunwalke Junior Faculty Professorship of American History (the kickoff endowed junior professorship at Harvard), the C. Douglas Dillon Professorship of the Culture of France, and the Clarence Dillon Professorship of International Diplomacy. Dillon and his father, Clarence Dillon '05, also established the Dillon Field House Endowment. In addition, the Weatherhead Center for International Affairs created the C. Douglas Dillon Faculty Inquiry Fellowship in International Affairs in his laurels.
Kennedy Schoolhouse Dean Joseph S. Nye Jr. recalled Dillon'southward devotion to Harvard and his frequent trips to Cambridge to participate in public affairs programs, such as the commemoration of the 25th anniversary of the Cuban missile crunch. "He was very helpful to me when I was manager of the Center for International Affairs," Nye said. "He was a great citizen of Harvard, and of the country."
Source: https://news.harvard.edu/gazette/story/2003/01/c-douglas-dillon-former-treasury-secretary-and-harvard-overseer-dies-at-93/
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