Word: endowment
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Dates: during 1900-1909
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...reported that by the will of Mary Putnam Ropes of Salem, the University will receive a bequest of Boston and Maine railroad common stock to endow the Nathaniel Ropes Professorship of Political Economy. The surplus, if any, is to go to the Peabody Museum. A second bequest from the same source of one-half the interest of an annuity bend of the Massachusetts Hospital Life Insurance Company, is to establish the Nathaniel Ropes; Jr., fund, the purpose of which is not stated. At present it is impossible to estimate the value of these bequests...
...property valued at about $140,000. The bequests provide that part of the income from the money shall be used for the benefit of such decendants of David and Beulah Ellis, and John and Hannah Ellis as may be students in Harvard College, while the residue shall go to endow three professorships and pay general expenses in the Medical Department...