The Beit Trust and Other Donations
During his lifetime, Beit made generous donations for scientific work and education. In 1905 he founded a chair of colonial history at the University of Oxford, which is now the Beit Professor of History of the British Commonwealth. In 1906 he made the donation of two million mark to the stock capital of the Hamburgische Wissenschaftliche Stiftung, a charity dedicated to spend its interest for the benefit of a precursor of the University of Hamburg.
In his will he set up the Beit Trust through which he bequeathed large sums of money (£1,200,000) for infrastructure development in the former Northern and Southern Rhodesia, later modified to university education and research in Zimbabwe, Zambia and Malawi.
In recognition of his bequests the Royal School of Mines, a faculty of Imperial College London, erected a large memorial to Beit flanking the entrance to its building. The Imperial College residential halls on Prince Consort Road was named 'Beit Hall' after him.
Read more about this topic: Alfred Beit
Famous quotes containing the word trust:
“My time has been passed viciously and agreeably; at thirty-one so few years months days hours or minutes remain that “Carpe Diem” is not enough. I have been obliged to crop even the seconds—for who can trust to tomorrow?”
—George Gordon Noel Byron (1788–1824)