Word: funds
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Dates: during 1960-1969
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...defunct Pennsylvania Life Insurance and moved its headquarters to Los Angeles. Using that firm as the major building block, he then formed a parent holding company, Pennsylvania Life Co., which could make acquisitions more easily than an ordinary life insurance company. Pennsylvania Life has expanded to include a mutual fund, Pennsylvania Securities Co., National Central Life Insurance Co. and other insurance firms. Last month Pennsylvania Life joined with H & R Block, Inc., tax consultants, to form a new, jointly owned subsidiary. It will sell mutual funds and insurance to H & R Block clients...
...crucial legal issue involves Section 203 of the recently enacted Military Procurement Bill. That section forbids the Defense Department, beginning next fiscal year, to fund any research not having "a direct and apparent relationship to a specific military function." Thus, future Defense funding of the Cambridge Project-which involves basic rather than applied research-would seem to be illegal...
...Molecular Biology, took the floor and asked for "fuller discussion of the matter among the Faculty." As an example of the "extremely difficult and possibly decisive questions" raised by the Cambridge Project, Ptashue cited Section 203 of the recently enacted Military Procurement Bill, which forbids the Defense Department to fund "any research project or study" not having "a direct and apparent relationship to a specific military function...
...early as 1926, Joe Kennedy set up a trust fund for Rose and the children then born. Another was created in 1936, and still another in 1949. The latter trust fund is the vehicle through which Kennedy settled portions of his wealth on his 28 grandchildren. The three trust funds and the Joseph P. Kennedy Jr. Foundation are the chief instruments of capital conservation. At the end of 1968, the foundation had assets of $22.1 million, and it disbursed $1.6 million, almost entirely for research in mental retardation...
...million scholarship fund to provide ten scholarships for blacks at each of the 50 city planning schools around the country...