Word: trusting
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Dates: during 1910-1919
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...Harvard Mutual Foundation in the name of a trust which has been recently formed, and to which any persons, desiring to leave their money or property to the University, may now make their donations. The trustees will invest the funds so received, pay five per cent interest to the donor or his immediate heirs during their lifetime, and, at their death, turn over the principal to the University. The fund at present is about $250,000, with probability of an early increase. The new system will probably mean millions of dollars to the University...
...Charles Francis Adams, 2d, '88, Thomas Nelson Perkins '91, Arthur Lyman '83, George Uriel Crocker '84, John Candler Cobb, Jr., '00, Alexander Haven Ladd '97, and Charles Henry Wheelwright Foster '81; they are appointed with provisions that the President and Fellows shall have certain powers over charges in the trust and the appointment of successors to the trustees in the event of death or resignation...
...main purpose of the trust is to hold certain donations of funds and property from several men who desire an income for their immediate heirs and have the property then go to the University. It is so arranged that other funds and properties can be added to the trust from time to time. The names of the donors and amounts of the donations have not yet been announced...
...trust will run for 20 years after the decease of the last survivor of a group of 21 designated persons. This time is expected to be about 100 years...
...formation of the Harvard Mutual Foundation, which is announced today, is a step highly to be commended because of its importance to the financial condition of the University. The founders of the trust, who have already donated $250,000, have placed no restrictions on the use of this sum, their idea being to provide a fund for general purposes. Nearly all gifts made to Harvard are with definite stipulations, with the result that the authorities have not enough money which they can use at their own discretion to meet current needs. The length of time, which will elapse between when...