McKay Will Uncontested.

The will of the late Gordon McKay, which was filed for probate last November, was allowed without contest on Monday by Judge Robert Grant '73 in the Suffolk Probate Court. By the terms of the will, eighty per cent of the net annual income of the estate, which has a value of about $890,000, is to be set aside and invested by the trustees, after certain annuities amounting to $48,000 have been paid. When this income, with its accretions, amounts to $1,000,000, it is to be paid to the University to form the Gordon McKay endowment for the promotion of applied science. The trustees are to pay thereafter eighty per cent of the income of the estate annually to the Corporation. Upon the death of the last surviving annuitant the trust terminates, and the estate, with all unexpended income, is to be given to the University, to be included in the endowment.

It is estimated that it will take from five to ten years for the eighty per cent of the net income, the present share of the University, to accumulate to the sum of $1,000,000.