BIG BEQUEST
TO EDUCATIONAL FOUNDATION. MADE BY EDSEL FORD(Bv Telegraph—Press Association— Copyright) ' OTTAWA, June 4. Mr Edsel Ford’s will, .filed for probate, bequeaths the bulk of his estate to the Ford Foundation, which is a non-profit educational corporation. Gifts to such organisations are not taxable. Attorneys estimate that estate inheritance and transfer taxes will be 12,000,000 dollars. The entire estate is believed to be about 200,000,000 dollars, including 41 i- per cent shares in the Ford Motor Company, and majority stock in the Manufacturers’ National Bank, Detroit. Most of Fords motor shares are left to the Foundation, the remainder being divided equally among the widow and each of four children. The widow, who is named executrix, also receives bank stock and family estates in Michigan, Maine, Florida, and other properties, and Mr Ford’s personal effects.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/WAITA19430607.2.70
Bibliographic details
Ngā taipitopito pukapuka
Wairarapa Times-Age, 7 June 1943, Page 4
Word count
Tapeke kupu
135BIG BEQUEST Wairarapa Times-Age, 7 June 1943, Page 4
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Wairarapa Times-Age. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in