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Show Page A4 THE DAILY HERALD, Provo, Utah, Tuesday, December 5, 1995 ?7 Frugal woman bequeaths $22 million to university, hopes to end discrimination More spring graduates can expect to find jobs Anne NEW YORK (AP) Scheiber retired as a government auditor at the height of World War II, bitter about never having been promoted and never earning more than $4,000 a year. Living frugally and investing wisely, she built her $5,000 savings into a stock portfolio valued at her death this year at $22 million. Her last act was to bequeath the fortune to Yeshiva University to help women overcome discrimination. "Elation would be an under- Chemical engineers will LANSING, Mich. (AP) the biggest pay draw the heart: take seniors College while journalists real world is looking just a little $41,183 will be offered the lowest startbit brighter. $20,154. A hiring survey released ing salaries said Scheetz despite the protoday by Michigan State increase, hiring still will jected 4.7 percent projects a increase in the number of new be below the levels of 1988-8are brightest in the college graduates who can Prospects nation's Southeast and North find next to spring, jobs expect the third straight annual Central regions. "There has been so much improvement. starting salaries that downsizing and employers will offer will inch going on that many of the up only about half a percent opportunities that once existed ' have disappeared. ... There are compared to last year. a remains many jobs that have been lost in it very competitive job market out there so the recent years and those probably graduates by no means will find will not return for many, many it easy hunting," said Patrick years," he said. Federal agencies expecting Scheetz, the survey author. "It is a modest improvement." tighter budgets are cutting Scheetz, director of the Colstaffing levels substantially legiate Employment Research while private employers are Institute at the school, said the cautious about expanding too best job prospects are for engi- - much, he said. neers. computer scientists, busi"The employers are all lookness majors, health professioning out of the corner of their eye als and science majors. at the economy," Scheetz said. Uni-"versi- ty 9. -- -- . -- statement," Yeshiva's president, Dr. Norman Lamm, said Sunday. "At first I didn't believe it." In fact, administrators at the Manhattan college had never even heard of the mysterious benefactor, who lived as a recluse until her death in January at age 101. Scheiber's gift was borne of bitterness, her attorney said, because she felt that despite having a law degree she was held back for 23 years at the Internal Revenue Service simply because she was a woman. She retired in 1944. ,4 if "This grew on her year after year," attorney Benjamin Clark said. "She was very much embittered while employed at the IRS." Clark, who met Scheiber in the mid-1950- t t said she led a solitary, s, reclusive existence after retiring, living alone in her apartment on Manhattan's West Side for decades, never even changing the nsKkii VI sf(lX mil m Ann 1 furniture. "She was the loneliest person. I never saw her smile," Clark said. "She was very distrustful of anybody. She didn't want anybody to know what she had. how much she had." One of the few who did know was longtime stockbroker. Bill Fay, who said Scheiber reinvested virtually all her earnings, rarely selling stock. At her death, her portfolio included more than 100 stocks, including such blue chips as Coca-ColParamount and a, Schering-Ploug- h. "She was a product of the Depression years. This helped formulate her goals and her inner-feneed for accumulating assets," said Fay, who retired several years lt AP Photo Anne Scheiber, shown in this undated passport photo, decided to bequeath virtually all of her fortune to Yeshiva University to support scholarships for Jewish female students. ago. She was committed to "saving every cent she had to put into investments," he said. Scheiber's gift is surpassed by at least one larger gift to Yeshiva $40 million about two years ago. Clark said Scheiber also had considered Brandeis University in Massachusetts, but chose Yeshiva because it had a women's college. The Anne Scheiber Scholarship and Loan Awards will go solely to' aid needy students at Stern College, Yeshiva's woman's college, or female students at the universi- ty's Albert Einstein College of Medicine. Stern has about 900 of the university's 6,000 students. 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