Editors: Last Testament

"I, Henry R. Luce, of New York, New York, declare this to be my last will and testament." As with the will of any successful man, the 22-page document filed in New York County Surrogate's Court last week was complex and lengthened by terms of trusts and the powers of the trustees named to administer them. But the effect of it was to make the Henry Luce Foundation, which was set up in 1936 in honor of Luce's father, Henry Winters Luce, the principal beneficiary of the $110 million estate. In the past, the foundation has financed student and faculty...

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