When Mr. Stone, who was a dry-goods merchant of Boston, died in Malden, Mass., in 1878, it was agreed between him and his wife, Mrs. Valeria G. Stone, that the property earned and saved by them should be given to charity.

While Mrs. Stone lived she gave generously; and at her death, Jan. 15, 1884, over eighty years old, she gave away more than $2,000,000. To Andover Theological Seminary, to the American Missionary Association for schools among the colored people, $150,000 each, and much to aid struggling students and churches, and to save mortgaged homes. To Wellesley College to build Stone Hall, $110,000; to Bowdoin College, Amherst, Dartmouth, Drury, Carleton, Chicago Seminary, Hamilton, Iowa, Oberlin, Hampton Institute, Woman's Board for Armenia College, Turkey, Olivet College, Ripon, Illinois, Marietta, Beloit, Robert College, Constantinople, Berea, Doane, Colorado, Washburne, Howard University, each from five to seventy-five thousand dollars. She gave also to hospitals, city mission work, rescue homes, and Christian associations. For evangelical work in France she gave $15,000.