It was founded using money from a bequest by philanthropist Johns Hopkins. Pulitzer founded the Columbia School of Journalism by his philanthropic bequest; it opened in 1912. The gift was part of a lifelong bequest. A mutavalli administers a vaqf in accordance with the stipulations in the donor's bequest. The painting was acquired with assistance from the Cowan Smith Bequest Fund in 1925. The Tate Gallery were keen to acquire the painting using funds from the Chantrey Bequest. The structure was built for $325,000 and was funded by a restricted private bequest. His case made the claim that this constituted a breach of the bequest. His decision created further controversy over the appropriateness of the museum accepting this bequest. Stevens left a $50,000 bequest to establish an orphanage. A bequest from Miss Emma Turner in 1892 financed excavations in Cyprus. Socrates argued that moral excellence was more a matter of divine bequest than parental nurture. The will contains one more bequest that is rather peculiar. It opened in 2014, following a bequest by university alumna, Noel Shaw. It was established in 1948 by a bequest from Frederic Bancroft.