Class Notes

1921

FEBRUARY 1989 Russell Bailey
Class Notes
1921
FEBRUARY 1989 Russell Bailey

During our 65th Reunion in 1986 Harry Chamberlaine proposed a unique plan for appropriating $1,000 of our class money to be invested and which, with the interest therefrom to be compounded quarterly, would provide when the class of 2021 enters Dartmouth a very substantial sum to be expended for the benefit of the class of 2021. Harry's proposal was unanimously approved by the class and a committee was appointed with power. Sadly, Harry died about five weeks later. But the committee promptly continued and after discussions were had with all class officers and the College—Ray Mallary, our president and an attorney, was asked to draft a trust agreement so that the College would be the trustee to do the investing, and to cooperate with other trustees representing the College and the Chamberlaine family. Such a trust was to be called the "Dartmouth 1921-2021 Chamberlaine Memorial Trust."

The trust draft approved by the committee was dated March 20, 1988, and signed by the class president and the class treasurer, by Harry's grandson Kent Pierce, and by Kent's wife Kristen representing Harry's family, and for Dartmouth by Petra Hansen, investment officer. Briefly it provides that the College as trustee shall invest the $1,000 class contribution and any other contribution. tions from classmates, together with interest thereon compounded quarterly, until 2017 when the trust fund shall be liquidated and the proceeds expended as the trustees deem best to instill in the members of the class of 2021 an awareness of the fine traditions of the College and to inspire in them a loyalty as deep and abiding as that of the members of the class of 1921.

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