April 18, 2002
$52.6-Million Bequest From Businessman Goes to U.Va.; Other Gifts to Charities
The University of Virginia, in Charlottesville, has received a $52.6-million bequest from Ward Buchanan, a retired Procter & Gamble executive who graduated from the university's law school in 1914.
Mr. Buchanan, who died in 1942, stipulated in his will that a trust be created to provide income to his family and that, upon the death of his last surviving heir, the trust's assets would go to the university for "hospital purposes." The money will endow a fund to support the
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