Word: bequests
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Dates: during 1960-1969
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Founded in 1911 through a bequest from the late Dean James Barr Ames, the Competition subjects members of the law clubs to three complex rounds of appellate brief writing and oral advocacy. Participation in the upper rounds of the Ames Competition is regarded as one of the highest honors at the School...
...class will be the 33rd annual group of Niemans at Harvard. The Fellowships were established in 1938 under a bequest from Agnes Wahl Nieman in memory of her husband. Lucins W. Nieman, founder of the Milwaukee Journal...
...describing a gift that is soon to become part of the Met's permanent exhibits: the art collection of the late Robert Lehman, the investment banker who died in August. It was quite a birthday gift for the museum's 100th anniversary. The value of the greatest bequest in the Metropolitan's history has been estimated to be $100 million, but it is probably much higher; many of the nearly 3,000 objects are of a kind and quality no longer obtainable on the art market, making it impossible to assess their true value. Besides paintings (such...
...official in the Treasurer's own office, only about 40 per cent of the endowment is restricted to principal. The other 60 per cent could be spent in its entirety if the Corporation saw fit. Yet even for that part whose income, by the terms of the bequest, is all that can be used, the principal is legally defined as only the original amount of the gift and certainly not the market value of the stocks bought with it. Thus, even a fund restricted to principal could be delivering spendable income at the rate of 10 per cent a year...
...last justification of Harvard's stinginess with its endowment funds is that most of these funds are restricted by the terms of the original bequest to specific faculties and within the faculties to specific projects...