Difference between revisions of "Pell Hall"
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| − | '''Pell Hall''' was a building designated to be built with funds from a bequest by Mary B. Pell, widow of John B. Pell Class of 1852. The bequest was valued around 500,000 as of December 1913.<ref>[http://books.google.com/books?id=oDQoAAAAYAAJ&pg=PA82#v=onepage&q&f=false Columbia University Quarterly, December 1913, Pg. 82]</ref> The bequest was tied up in real estate investments subject to [[w:Life estate|life estates]], presumably with Columbia as [[w:Remainderman|remainderman]]. As Pell Hall was | + | '''Pell Hall''' was a building designated to be built with funds from a bequest by Mary B. Pell, widow of John B. Pell Class of 1852. The bequest was valued around 500,000 as of December 1913.<ref>[http://books.google.com/books?id=oDQoAAAAYAAJ&pg=PA82#v=onepage&q&f=false Columbia University Quarterly, December 1913, Pg. 82]</ref> Her total fortune was estimated to be around $2 million, and ordered divided between Columbia, [[Rutgers]], and the Dutch Reformed Church.<ref>[http://rumaps.rutgers.edu/location.jsp?id=C137419 RUMaps - Pell Hall]</ref> The bequest was tied up in real estate investments subject to [[w:Life estate|life estates]], presumably with Columbia as [[w:Remainderman|remainderman]], so the University did not immediately come into the money. As Pell Hall was apparently never built, it's unclear what happened to the money. This is particularly curious, since Rutgers came into its share of money (either $400,000 or $140,000) in 1928, with which they erected a dormitory named after Mrs. Pell's father, Wessel Wessels, and named a companion dormitory in her honor, both by 1930.<ref>[http://housing.rutgers.edu/ie/index.php?page=content/Common/Halls/CollegeAve/Pell.php Pell Hall]<ref/><ref>[http://housing.rutgers.edu/ie/index.php?page=content/Common/Halls/CollegeAve/Wessels.php Wessels Hall]<ref/><ref>[http://rumaps.rutgers.edu/location.jsp?id=C137419 RUMaps - Pell Hall]<ref/><ref>[http://rumaps.rutgers.edu/location.jsp?id=C137418 RUMaps - Wessels Hall]<ref/> |
==References== | ==References== | ||
Revision as of 21:41, 22 July 2010
Pell Hall was a building designated to be built with funds from a bequest by Mary B. Pell, widow of John B. Pell Class of 1852. The bequest was valued around 500,000 as of December 1913.[1] Her total fortune was estimated to be around $2 million, and ordered divided between Columbia, Rutgers, and the Dutch Reformed Church.[2] The bequest was tied up in real estate investments subject to life estates, presumably with Columbia as remainderman, so the University did not immediately come into the money. As Pell Hall was apparently never built, it's unclear what happened to the money. This is particularly curious, since Rutgers came into its share of money (either $400,000 or $140,000) in 1928, with which they erected a dormitory named after Mrs. Pell's father, Wessel Wessels, and named a companion dormitory in her honor, both by 1930.<ref>Pell HallCite error: The opening <ref> tag is malformed or has a bad name<ref>Wessels HallCite error: The opening <ref> tag is malformed or has a bad name<ref>RUMaps - Pell HallCite error: The opening <ref> tag is malformed or has a bad name<ref>RUMaps - Wessels HallCite error: The opening <ref> tag is malformed or has a bad name
