Word: bequest
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...Charles Mendl, 80, one of the last of the sabled international set, received a belated bequest from the late Albert Lasker, philanthropist and Manhattan adman: $5,000 and a box of 100 monarch-sized Havana cigars. Said Sir Charles, grateful but slightly puzzled: "All I ever did for Lasker was to get him rooms at another hotel when the [Paris] Ritz was full-up during the tourist season...
...bequest was "to the President and Follows of Harvard College . . . in trust to invest and accumulate the income and add it to the principal for a period of one hundred and forty years from the time when this bequest shall be received . . ." (1952). The income is then to endow the Museum...
There is a possibility that Massachusetts will not allow the bequest to snowball the full 140 years, according to Ralph J. Baker, Weid Professor of Law. The Museum is legally a charity, and accumulations for the benefit of charities, but a Connecticut precedent might give the District Attorney a loophole. The state court ruled that the D.A. may not rule a gift invalid, but can stop the snowballing process and direct the amount accumulated be immediately turned over to the designated charity...
...Arnold Arboretum, oldest in the world, was established from a bequest of James Arnold which was received by the University in 1872. Called "America's greatest garden" some 6,000 different species and varieties of trees and shrubs flourish on its 265-acre tract in Jamaica Plain...
...lectures, all of which are free and open to the public, are made possible under the terms of the Louis C. Elson bequest...