Word: bequeathe
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...noncollector, she assembled a spectacular collection. Last week Muriel Kallis Steinberg Newman, Chicago matron and patron of the arts, announced that she would bequeath it all to New York City's Metropolitan Museum of Art. Current value: $12 million to $15 million. Met Director Philippe de Montebello described it as the greatest private collection of abstract expressionists in the world. The gift does not become final until after her death. But at 66, Newman is still active in the art world as a member of the Chicago Art Institute's committee on 20th century painting and sculpture...
...original developers, who stand to collect a windfall by selling ownership shares at a profit. Under California state law, a bank holds campers' antes in escrow until 60% of the allotted deeds have been sold. Then their deeds, like stocks, are theirs to keep, bestow, bequeath or barter-at the best possible price. The money, meanwhile, passes to the original investors...
...lighter side. One of the library's most enjoyable sections is the etiquette and cook book collection. The library does not buy any of these books--all are donations. Julia Child, for example, gives to the Schlesinger many of the books she receives as gifts, and will probably bequeath her personal collection. Barbara Solomon, King's predecessor as director of the library, persuaded Widener to donate to Schlesinger its sundry etiquette books. Some useful bits of information contained in the older books include handling servants and curing a husband's baldness...
...articles published a year ago helped prod the organization to a new fiscal openness. Corporate Report, a Midwest business magazine, said that because of inadequate financial data, the Minnesota Commerce Department was looking into a B.G.E.A. gift-annuity plan, which supporters bequeath money to, and draw interest income from until they die. (After protracted negotiations, the data were provided, and the state approved the annuity sales.) The magazine also disclosed that B.G.E.A. had refused financial information requested on a voluntary basis by the state's charities division and by the Better Business Bureau; the bureau's latest report...
Late into the night, veteran Associated Press Science Writer Rennie Taylor discussed the question with his friend, A.P. Science Editor Alton Blakeslee. To whom-or what-should Taylor bequeath his estate? That night the American Tentative Society was conceived. Its goal: to encourage independent scientific thinking. Why "tentative"? Because, as Society President Blakeslee explains, "all ideas should be regarded as tentative. Otherwise we become prisoners of yesterday, stuck with dogmas...