Word: grimshaw
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Dates: during 1920-1929
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...Suppose, for example, that John Cadwallader Grimshaw, having accumulated wealth and feeling a surge of generosity, decides to do something for his university. He has, let us say, half a million dollars to bestow. Does he present his half million to his Alma Mater without strings, to be used as the authorities now and in the future may determine? Probably not; for instinctively he feels that his money will lose its identity. It will be just another gift. Very humanly, he wants to set up something separate and visible, something which may be seen of men in the years...
...gives the John Cadwallader Grimshaw Dormitory or the Grimshaw Laboratory; or he establishes the Grimshaw Scholarships; or perhaps, being interested in some special branch of study, he establishes the Grimshaw Research Fund, hoping that he may thus make possible some discovery which will be connected, however vaguely, with his name. Possibly, he attaches to the gift, not his own name, but his father's or his wife's or his son's, setting up a memorial to someone other than himself. But the principle is the same in each case: the desire for praise and immortality--if only a vicarious...
...what effect Mr. Grimshaw's generosity has upon the financial situation of his university. His gift is welcome; make no doubt of that. But does it enable the university to accomplish more adequately the work to which it is already committed? Only too often it extends the work of the university without strengthening it at the center, or adds money to some fund which is relatively ample. Sometimes the situation is even worse than that: many a university has been presented with a proud building, yet has not received adequate funds for upkeep, with the result that financially the institution...