Word: bequest
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...value of a bequest may be measured in terms of the restrictions put upon its application. In certain cases, a gift may be as much of a nuisance as a benefit. Money given outright to a University is usually much more useful to it than money given for any one particular purpose. The gifts of Sterling and Harkness, although given for specific causes of construction and professorships, have been unrestricted in the sense that the Yale administration has an ample hand in distributing the funds as it sees...
...money tied up in strange prizes is not the worst of the bequest situation. With the Library sorely in need of funds which are capable of general application, there are still those who insist on giving it money for specific purposes. This results in certain branches of the Library being literally over-endowed, while the students continue to clamor for more books to be used in reading periods...
...Leavenworth Scholarship has gone begging since 1919 for want of a student with that name. Other funds exist for the use of the sons of retired Naval officers. In many cases, the scholarship exists where no candidate can be found who complies with the terms of the bequest. At a time when every scholarship could easily be put to immediate use, this situation is nothing short of a calamity. The University is powerless to use any of this money that is tied up for any purposes other than those specified. Yale's only hope is that her benefactors will understand...
...must supplement from private practice the salary which the University gives. An increase in his private practice necessitated the resignation of Dr. T. K. Richards '13, last summer. What is needed for the support of Wadsworth House work, in addition to the funds coming from the Henry K. Oliver bequest and from the $10 fee charged each student, is annually voted by the Corporation...
...error is greatly increased. This assertion is borne out by the many criticisms current among the undergraduate body. The situation is additionally aggravated by the fact that the whole sum allowed Wadsworth House for running expenses and salaries is only $22,564.40, the interest on the Henry K. Oliver bequest. The University contributes nothing, save to pay a possible deficit. Under the present large staff it is quite impossible to have any full time man, with all the expenses to be met by this slender...