Ivy League dreams come true with liquor magnate's gift

Sidney Frank made millions marketing Jagermeister and other alcohol brands. Three years after his death, he's a big hit with students at the Ivy League college he briefly attended.

He's a big hit not because of what he sold, but because he's given dozens of them what he couldn't afford as a young man: an education at Rhode Island's Brown University.

On Sunday, 49 students from low-income families became the first Sidney E. Frank Scholars to graduate from Brown, owing virtually nothing except gratitude to the late liquor magnate.

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