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EST 1917
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Establishes $1,250,000 Fund to Be Spent in 25 Years

July 10, 1929
See Original Daily Bulletin From This Date

In line with the views of Mr. Julius Rosenwald that public bequests shall not be perpetual. Sir Albert Levy, in creating a £250,000 benevolent fund, has specified that it be distributed during the course of the next twenty-five years.

The beneficiaries of the fund are to be hospitals and other charities. With the interest which will accumulate, the endowment amounts to £400,000.

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