History
Like his father, Sir Dorabji believed that one must make use of the wealth one had acquired for constructive purposes. So, in less than a year after his wife Meherbai's death, he donated all his wealth to the Trust, insisting that it must be used "without any distinction of place, nationality or creed", for the advancement of learning and research, the relief of distress and other charitable purposes. He died three months later.
The wealth that he turned over to the Trust comprised his substantial share holdings in Tata Sons, Indian Hotels and allied companies, his landed properties and 21 pieces of jewellery left by his wife, including the famous Jubilee Diamond, estimated then to be of the value of Rs 10 million. Today, these would be worth more than Rs 500 million.
Read more about this topic: Sir Dorabji Tata And Allied Trusts
Famous quotes containing the word history:
“... that there is no other way,
That the history of creation proceeds according to
Stringent laws, and that things
Do get done in this way, but never the things
We set out to accomplish and wanted so desperately
To see come into being.”
—John Ashbery (b. 1927)
“Universal history is the history of a few metaphors.”
—Jorge Luis Borges (1899–1986)
“Free from public debt, at peace with all the world, and with no complicated interests to consult in our intercourse with foreign powers, the present may be hailed as the epoch in our history the most favorable for the settlement of those principles in our domestic policy which shall be best calculated to give stability to our Republic and secure the blessings of freedom to our citizens.”
—Andrew Jackson (1767–1845)