Harvard receives a record $150 million gift.

For a university sitting on a $32 billion endowment, the last thing it needs is another kiss of cash from a former student. But whereas countless donations to schools go in the form of having buildings named after the benefactor, hedge-fund chieftain Ken Griffin has a specific reason for his donation of the biggest monetary gift in the school's nearly 400-year old existence.

The $150 million is to be used to fund students less financially affluent than your typical Ivy Leaguer, providing full scholarships for 200 undergraduates, and offering matching funds for 600 others. Current tuition at Harvard runs around $39,000, but including fees, room and board, and other costs, the price is closer to $56,000.

In case you're wondering, according to CNN, 20% of Harvard's students come from families who earn less than $65,000 a year. The US Census Bureau reports that the median household income in the United States between 2008-2012 was $53,046--meaning more than 80% of Harvard students come from affluent (or, at least, quite financially comfortable) backgrounds, at least by American standards.

And there's your education equality in America.