PHILADELPHIA, Aug. 3--
Jefferson Medical College and Hospital will receive more than $5,000,000 for blood research under the will of Thomas Drake Martinez Cardeza, Philadelphia art collector, explorer and banker.
The amount of the inheritance was disclosed today when an inventory filed with the Register of Wills showed that the fortune left by Mr. Cardeza was valued at $5,252,138.
Mr. Cardeza died at the age of 77 in his home here on June 6, 1952. At that time his estate was estimated for probate purposes at $400,000 and upward. Jefferson receives the entire estate, with the exception of two years' salary for each of three servants.
The Cardeza will directed that the money be used for research by the division of hematology of the institution's Department of Medicine. Mr. Cardeza directed that a trust, to be known as the Charlotte Drake Cardeza Foundation, be established in memory of his mother.
His will also specified that the foundation was to be flexible so that when the hematology division has completed it's work, "as far as diseases of the blood are concerned," the foundation might be made available for other types of medical study.
Mr. Cardeza was a member of an old Philadelphia family. His wife, the former Mary Racine, died in 1943. The couple had no children.
Thomas Drake Martinez Cardeza
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(1954) $5,000,000 IS WILLED FOR BLOOD RESEARCH New York Times (ref: #1837, accessed 5th May 2016 01:22:05 PM) URL : http://www.encyclopedia-titanica.org/5000000-is-willed-for-blood-research.html
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Added to Encyclopedia Titanica Friday 21st November 2003, last updated Saturday 12th September 2015.