Gift restrictions have always been a component of charitable gift planning. In 1643, Lady Anne Radcliffe Mowlson created the first scholarship at Harvard College. In 1887, Josephine Louise Le Monnier Newcomb contributed $100,000 to establish the Sophie Newcomb College at Tulane University, the first self-supporting American women's college associated with a men's school. During the Industrial Age, families such as the Rockefellers, Carnegies, and Fords made gifts to address specific social is
All access premium subscription
Your subscription will include 12 months of Trusts & Estates magazine and access to premium content on WealthManagement.com.