By Marconi Transatlantic Wireless Telegraph to The New York Times
LIVERPOOL, May 13---The Liverpool Journal of Commerce states that J. Bruce Ismay has decided, as a memorial of the heroism displayed by all sections of the crew of the Titanic, and as something of a thanksgiving offering for the safety of himself and of the other surviving passengers, to found an endowment fund with a gift of probably £20,000, ($10,000,) to provide pensions for disabled White Star Line seamen of all classes, whether engaged above or below deck, or for the widows of such men.
It is understood that details of the scheme will shortly be made known by the Lord Mayor of Liverpool.
Joseph Bruce Ismay
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(1912) $100,000 GIFT FROM ISMAY New York Times (ref: #2361, accessed 24th May 2016 10:47:33 AM) URL : http://www.encyclopedia-titanica.org/100000-gift-from-ismay.html
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Added to Encyclopedia Titanica Monday 23rd February 2004, last updated Saturday 12th September 2015.