The New York herald., 1921-03-09
HALF OF MILBANK
MILLIONS TO PUBLIC
Mrs. Elizabeth M. Anderson's
Will Leaves 81, 100000 to
Memorial Fund for Charity.

Half of the S5.0o0.o00 estate of Mrs.
the form of bequests for charity, edu-
cation and the public health. Her will
field for probate in the Surrogates' Of
fee yesterday. was altogether consistent
with her lifelong philanthropy. for it Is
estimated that previous 10 her death
Mrs. Anderson gave away at least thre
times the amount of the fortune she
leaves.
She Is the daughter of Jeremiah Mil
bank, a New York banker, who died in
1884, and who, with Gail Borden
founded the Borden Milk Company. Mr..
Milbank was a large stockholder and a
director in the Chicago. Milwaukee and
st. Paul Railroad Mrs. Anderson was
the wife Of Abram A. Anderson, the por-
trait painter.
To her husband Mrs Anderson left
$4,000. in addition to gifts made during
her lifetime. For her daughter, DR..
Eleanor Anderson Campbell. and her
granddaughter. Elizabeth Milbank An
derson %. trust funds of S250,000 each
are provided.f To Albert @. Milbank o
Huntington. l.. l.. cousin and an execu-
| tor. is bequeathed 100000.
The largest bequest named in the win
is one of S1,5O0,000, to the Memorial
Fund Association. a charitable organ
| ization founded by Mrs. Anderson in
1905 with an initial gift OF $4,000, 900,
and to which she afterward gave S5.-
600. 900 more. The association Is man
aged by board of directors. among
whom are included Edward w. Sheldon,
president OF the United States Trust
Company. and named by Mrs. Anderson
as an executor of her estate Elihu Root
and Thomas Cochran of j. p. Morgan
& Co. One OF the society's more recent
gifts was 100000 for the Serbian chill
dren. BY the terms Of the viii the off,
GERS of the association are requested to
change its name to The Nllbank Me-
mortal Fund"
Barnard College, to which Mrs An
derson gave during her life more than
| $4,000. 900, gets $4,000. IL was her
generosity which made II possible for the
college to move from its old site on
Madison avenue, the college later receiv-
ing the three city blocks. between 116th
and 1l9th street. which Mrs. Anderson
purchased from the New York Hospital.
at 81 900. 900.
To the New York Association for I'M
proving the Condition of the Poor. Mrs.
Anderson adds 100000 TO a gift of
| $3.50 600. which she made in 1913 The
| Childrens Aid Society receives Si0o, 900.
for the purposes of the convalescent
| children's home at Chappaqua, n. Y,
| which Mrs. Anderson made possible in
| 1909 by gift OF $500. 600
Other organizations named In the
will are the Legal Aid Society. $50. 900
National Committee for Mental Hygiene.
500, 900; Henry Street Settlement. $50
600 Tuskegee Institute. $4,000; Adj
rondaclS Cottage Sanitarium, S25 900 !;
National Child Labor Committee, $685.
600: Fisk University, Nashville. Tenn.
| $50, 900 Association for Prevention of
Cruelty to Animals. 10000; State
Charities Aid Association, $4,000; So
ciety of the New York Hospital. $50 900 :
Society OF the Music School Settlement
Of the City OF New York $40, 900, Bap-
tist Home for the Aged, 10000; Ladies'
Christian Union Of New York, $4,000 :
Oneida Baptist Institute, $4,000.
The will gives to relatives and friends
or Mrs Anderson and TO her servants
legacies which total $650.000. The resid-
uary estate goes In equal shares to Al
bert q. Milbank and Charles Milbank
Cauldwell cousins of Mrs. Anderson.
The general executors named In the
will are Edward w. Sheldon. Albert G..
Mlbank and George l.. Nichols. The
law firm OF Masten & Nichols. ~ Wall
street filed the Will