Word: bequestioned
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...this, you can set up a trust to be funded after your death, appointing a trustee to dole out the money as needed or for specific uses, such as education for your son's children. There are some costs, however, to having a trust professionally administered. So if the bequest is small, a trust may not work...
...Salvation Army, a faith-based charity best known for its disaster-relief efforts and thrift stores, hit the philanthropic jackpot when McDonald's heiress Joan Kroc, who died last fall of brain cancer, left it a record-setting $1.5 billion bequest. But the evangelical group spent several weeks debating whether to accept the windfall. Why look a McMegabucks gift horse in the mouth? The money comes as a mixed blessing because Kroc earmarked the donation to build--but only partly maintain--dozens of community centers across the country. A prototype for these lavish centers already exists in San Diego courtesy...
...often antiquated, peripheral and, arguably, foolish. The Republicans, by contrast, have abandoned traditional conservatism to gain political advantage (with the elderly, for instance) or to pay off their stable of corporate-welfare recipients. The Medicare bill contains large gifts to pharmaceutical manufacturers; the energy bill is a $23.5 billion bequest to traditional-energy producers, with additional billions worth of free-range pork tossed in. "This is classic machine politics, the sort of thing we used to do," said a prominent Democrat. Hence the Wall Street Journal's opposition to both bills. After all, Bush is running such huge deficits that...
...changing my name to McStamberg." SUSAN STAMBERG, National Public Radio correspondent, on a $200 million bequest to the nonprofit broadcasting corporation from Joan Kroc, widow of the longtime chairman of McDonald...
Harvard, however, has trailed other universities in courting large gifts from individual donors or foundations. Excluding a joint $100 million gift for a Harvard-MIT genomics institute, the University’s largest single gift was a $70.5 million bequest from the Loeb family...