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Strings Attached: How Harvard’s Wealthiest Alumni Are Reshaping University Giving
The University will receive a gift of $2.2 million dollars in the near future, it was learned last week. The generous benefactress is the late Mrs. Truxton Beale, who last month made another, heretofore anonymous $2 million donation to the University scholarship fund.
Mrs. Beale, who died three years ago, willed that the $4.2 million go to a fund for scholarships for men of "outstanding promise." The money was donated in memory of her son, Walker Paine Beale '18, who was killed in the First World War.
Wallace McDonald, Secretary of the Committee on General Scholarships, revealed that the remainder of the gift was delayed by a "terribly complicated will" which is still in the hands of executors. The portion received by the University last month was in stocks and bonds, the income from which will be used for undergraduate scholarships.
McDonald refused to say exactly when the remainder is expected because of the indefinite time allotted for clearing up the legalities of the will.
Mrs. Beale left the rest of her more than $5 million estate for the construction in Washington of an educational center to study humanism among the ancient Greeks.
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