Word: bequest
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Beyond such misstatements, there is the matter of Nixon's gift to the nation of his vice-presidential papers and the tax benefits that resulted from the bequest. To begin with, Nixon said that he got the idea from Johnson when he was elected to succeed him. But Nixon had already given a batch of his papers to the U.S. in 1968 and was well aware of the procedure. In addition, in 1969, Congress was debating the law that took effect on July 25,1969, making such gifts no longer valid as tax deductions. Though Johnson, who had just...
...refreshing exception was the $8,000,000 to $10 million gift two weeks ago from Avery Fisher, founder of Fisher Radio, mostly for the maintenance of New York City's Philharmonic Hall (now renamed for Fisher). Yet the bequest was announced at the most critical stage of the New York Philharmonic's labor talks, and since none of the money was for wages, it must have struck many a fiddler or trumpeter as a colossal case of bad timing...
...Fellowships were established through the bequest of Agnes W. Nieman in memory of her husband, Lucius W. Nieman, the founder of the Milwaukee Journal...
...last thing James Bryant Conant wanted at Harvard was a school of journalism. A chemist at heart, Conant wrote his speeches in a manner designed to keep a reporter from finding any headlines in it. Consequently, the windfall bequest left to Harvard in 1936 by Agnes Wahl Nieman, widow of the founder of The Milwaukee Journal, came as a complete surprise to Harvard's President...
Agnes Nieman's bequest gave Harvard's President and Fellows a virtual carte blanche in devising their own program to utilize the funds...