jan 1, 1882 - Donation

Description:

For many years he gave liberally to the charitable institutions and Presbyterian churches of Princeton and New Orleans. In 1882, he donated $363,000 (1882 value) to improve higher education in the city of New Orleans. Tulane's Act of Donation ultimately resulted in the renaming of the University of Louisiana (founded as the Medical College of Louisiana) to The Tulane University of Louisiana, in his honor and turning the once public institution into a private one, the only such instance in United States history.