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Sumter, Sumter County, South Carolina
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Davidson College receives a $50,000 bequest from the estate of Robert K. Smith, former vice president of P. Lorillard Tobacco Company and founder of American Tobacco Company. The funds will form a revolving emergency fund. Smith, a North Carolina native, never visited the college.
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$50,000 From Estate of the Late Robert K. Smith
Davidson, N. C., Dec. 3.—Davidson college officials today announced receipt of a bequest of $50,000 from the estate of the late Robert K. Smith, former vice president of P. Lorillard Tobacco company and one of the founders of the American Tobacco company.
According to the terms of the will, the bequest is to be used by the college authorities as they see fit. Announcement was made that it will be turned into a revolving fund, to be used in emergencies.
Mr. Smith was a native of North Carolina but never visited Davidson, it is said.
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Location
Davidson, N. C.
Event Date
Dec. 3.
Story Details
Davidson College announces receipt of $50,000 bequest from Robert K. Smith's estate to be used as a revolving fund for emergencies. Smith was a North Carolina native who never visited the college.