In July 1956, Milton Eisenhower assumed the presidency of Johns Hopkins University, succeeding Lowell J. Reed. During Eisenhower's first term, University income tripled and the endowment doubled. More than $76 million in new buildings were constructed, including the Milton S. Eisenhower Library, completed in 1964 and named for Eisenhower in 1965. Respected and admired by faculty and students alike, Eisenhower was arguably the most popular Hopkins president since Daniel Coit Gilman. He kept office hours when any student could drop in, and he was welcome at students' off-campus parties.