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Strings Attached: How Harvard’s Wealthiest Alumni Are Reshaping University Giving
At a meeting of the President and Fellows of Harvard College held recently, two bequests which have been received by the University were gratefully accepted. One of $50,000, in memory of Rev. Josiah Kendall Waite '29, Esther Kendall Waite, Catherine A. Goodnow, and Lucy Ann Waite, from the estate of Miss Harriet E. Goodnow, was accepted as one-half of her bequest, in accordance with a clause of her will in which is stated that $100,000 is to be held in trust and known as the "Waite Memorial Fund," the income to be added to and become a part of the principal until the principal amounts to $150,000, and thereafter the income only is to be used in assisting worthy but poor young men of any denomination in obtaining an education at Harvard College. The other, of $500, was from the estate of John C. Kimball '59, in accordance with a clause in his will which states that the sum of $500 is bequeathed to the Harvard Divinity School, the income to be used in aiding any poor student or students who are preparing for the Unitarian ministry.
At the same meeting Professor W. B. Munro, Ph.D. '99, of the Department of Government, was granted a leave of absence for the second half of the year 1912-13; and the resignation of Professor F. G. Peabody '69, Plummer Professor of Christian Morals, was accepted to take effect the beginning of the second half of the year 1912-13.
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