The Nobel Prize for Literature awarded to Rabindranath Tagore in 1913 included a prize money of £8,000. It is commonly assumed that Tagore spent this entire sum on the asrama school in Santiniketan, and later for setting up his dream project – the Visva-Bharati University. The truth, however, is quite different. This note attempts to revisit the “will” of the poet, arguing that his decision regarding the investment of the substantial sum reveals a complex story in which the need of the peasants of his zamindari and that of the community in Visva-Bharati were held in a delicate ethical balance.