The Providence news. (Providence [R.I.]) 1891-1906, 1896-06-09
BIG GIFTS TO CoLLEGEs.

|
The Critic has been looking up some OF
the gifts that have been made to various
institutions OF learning, the inquiry
being prompted by statement that has
gone the rounds of the press to the effect
that JOHN ID. RocKEFELLER has given
81, 600, 900 to colleges, which is stated to
| be a larger sum than any man now living
has yet given.
| II appears from the results OF the In
| ouiry that a considerable NUMBER of col
leges have enjoyed the benencence of
wealthy individuals 10 the amount OF
more than million dollars since STEPHEN
GIRARD endowed Girurd College in a sum
variously estimated at from s5,00O,0O0 to
1000, 900. This famous Philadelphia in
stitution has today total invested capi-
tai, including real estate at its assessed
valuation, of about s15,OoO,o 900, the net
income from which is more than a mil
lion dollars.
The late ANTHoNY j. DRExEL gavo in
all to the Drcxel Institute of Art, Science
and Industry, over $4,000, 900, third Of
which was used for buildings aud equip
ment, while the larger balance is kept
intact for endowment. Johns Hopkins
University credits its founder with bene-
ficence in lands and stocks to an amount
or more than $1,000, 900, with like
amount for Johns Hopkins Hospital.
Lehigh University was endowed with
$1,000, 900 in money, besides land
by ASA PAcKER-perhaps 50, 500, 900 In
all. The late.ssnator STANFORD left TO
the LELAND STAMFORD, Jr., University
s2, 500,0 900, besides 10000 acres OF land,
the value of which reaches many mil
lions The endowment OF the Case school
of Applied Science ut Cleveland, made by
LEONARD CASE, was in real estate, esti-
mated in value at about 81, oo0, 600. PETER
COOPER, the COOPER family and other
contributors have made gifts and be-
| quests. to the Cooper Union amounting to
II, 753, 600 and IN New Orleans the Tulane
| University received from PAUL
TULANE about 81, ,050. 600 and other gifts
and bequests to the amount OF nearly a
million more. The vANpERBILrs have
given to Vanderbilt University, Nashville,
Tenn, million and a half. Presi-
dent Low OF Columbia has given to his
fine college library building to cost
about q million and has contributed to
other funds, including the Barnard Col
lege endowment CHARLES PRATT gave
| to Pratt Institute, Brooklyn, S2, zoo, 600.
One OF the most interesting OF college
endowment histories is that OF Cornell
University. EZRA CORNELL gave to the
university $3.50, 900, and HENRY w. SAGE
s1,170,0O0. But a fine-stroke OF business,
thanks to the services of these two men,
resulted In securing to the university q
far larger endowment. Cornell, like
our own Brown, was "land
grant" college, but unlike Brown,
to which the government land grant
was only one factor of its resources,
with CORNELL the land grant was 90
handled as to practically set it up in
business among the great American in
| stitutions OF learning CORNELL and
SAGE SO managed the half OF Cornell
University's land grant that came under
their control that it was made to realize
a gross sum Of nearly s6,o0o,00o. What
this means may be understood from tha
statement that the other half of the land
grant was sold by the State of New York
before being turned over to the Univers-
ity, for less than s5Oo,0OO
The late GEORGE PEABODY is credited
with having given to various institutions
about 5000, 600. ISAAC RICH gave to
Boston University 81. 600, 900. The RocKE-
FELLER subscriptions to the University
of Chicago amount, to Gate, to 7,426, 900.
This sum includes $4,000 subscribed
last October on the condition that the
dener would duplicate all other contriou,
tions received before 1000 by the Uni
versity up to that sum. HELEN Culver
of Chicago gave million, which reduces
by one-half the sum still left conditional
and the college authorities have no doubt
that they viii be able to earn the other
million before the time limit expires.
REFERRING TO the statement by the
| Springfield Union that "any man has the