Word: expends
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Dates: during 1916-1916
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...collections for any or all of those scientific subjects which have or may hereafter have application useful to man,' and by aiding needy students in pursuing those subjects. The request is made that the name 'Gordon McKay' shall be permanently attached to the purposes for which the income is expended. There is no requirement that the income shall be expended for any particular department of the University, but Harvard must invest and care for the principal of the fund, expend the income and carry out the purposes of the trust. It may not delegate these duties to any other institution...