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 ...

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