New-York tribune., 1902-10-24
RIG ROCKEFELLER GIFT.
usIF MILLION AS A THANK
OFFERING.
-r.cHFRs COLLEGE To RECEIVE IT
CONTINGENT on PAYING DEBTS
AND RAISING s25O.0OO FROM
OTHERS.

OTHERS
,.h, n Rockefeller has given 100000 TO the
,..cbers College of Columbia University. The
..st IS 10 go into the endowment fund Of the
,.s,,tution. and Mr.. Rockefeller does not die
,ote how the money is TO be spent II is tht
,.-gas, single gift he has made 10 any educa-
.,onsl institution aside from Chicago University.
.,5 Is contingent on the payment of all out
.,snding debts of the college and the raising OF
so5O0aO for endowment from other sources.
one-half the gift viii be available as soon as
the debts of the corporation are paid. and the
remainder in instalments OF S25.Oo0 whenever
an eousl sum is received by the treasurer OF the
college.
When the gift was announced by Dean Rus
cell nj the meeting Of the board Of trustees
Yesterday afternoon S20.0N0 was Immediately
raised among Them. This board consisting Of
Spencer Trask chairman; Miss Grace H. Dodge,
Newbold Morris Peter b. Olney. b. Talbot
3 HYDE Y Everit Macy. c. W. Hardness.
lanes speyer and Dean J. r. Russell, have
-ased among themselves 50, 100000 since the in
corporation OF the college.
The ofer Of the gift just announced was
made by J. d. Rockefeller. jr,, on behalf OF his
father in a letter addressed 10 Dean Russell,
as thankonering 70 almighty God for the
observation of his family and household on the
o,cssion Of the destruction by fire of his coun-
IN home Fl Pocantico Hills n Y. on the night
s SEPTEMBER i. 1902" the letter says, in ex-
pIsining the occasion of the gift.
THE OUTSTANDING DEBTS.
The outstanding debts Of the college at the
present time amount TO Sl90.OO0-S4OO00 on
land. $4,000 on heating and lighting plant
and alterations made necessary by the removal
$4,000 interest charges. The sum Of $4,000 is
already on hand 10 iquidate the debt
Ever since last January Mr.. Rockefeller. jr..
assisted by Starr J. Murphy, has been investi-
eating the college. and he was impressed by
the wide scope Of the institution. There is no
time set 10 realize on the gift, but in two years
from the tine the first S250,000 is given. the
college must raise an equal amount
An anonymous gift Of S250000 for a physical
education building has also been given TO
Teachers College. The gift was made recently,
the giver refusing 10 disclose his name.
The earning capacity OF the college has in
creased 70 S12000O a year within six years.
This is about 1 per cent on the S3.0OOoOO in
vested. Every year has showed the difficulty OF
making ends meet, and opened up wider fields OF
activity, which the trustees were unable 10
enter owing 10 the expense.
GIFTS FROM THE TRUSTEES.
mthe S2.7l2. sos II that has been given 10 the
oOlsre the dean reports all but 100000 was
ths gifts OF the trustees or their immediate rela-
uges. This, he said. was a testimony TO the
character Of the work OF the college. as II
showed that those best informed Of that work
were ready 10 support il. But il was also
matter Of regret he added. that the college ap-
pesled TO so few people Of means outside Of the
board OF trustees.
DR.. Russell expressed the hope that s3OOO,ooo
could be raised.
The total receipts Of the college last year
were S27S $50 IL. These did not include gifts
for permanent investment Eighty six thousand
and thirty-hve dollars were from gifts. Sl1,-
2766 SO represented the earnings Of the college.
and Sl5239 IA the income of trust funds
The total gifts 10 the college last year
amounted in all 70 1868 l72. OF this amount
sS92,700 pledged for special purposes I'm
portant among the pledges were S175,soo from
MI. and Mrs Macy for endowment fund SdS,-
109 ~ for the finishing Of the Horace Mann
School from Mr and Mrs. Macy, $1,000 from
ut. and Mrs. Speyer for use in the Speyer
School. and Sl2.5o0 from George Foster Pea
body for the purchase Of lot east Of the col
lege For the endowment Of the Tilleston
School 50 500 was received from the estate OF
Mrs Peter B. Bryson. Upward Of S69eto was
contributed by the trustees of the college for
general purposes.
The Dean said the total expenses Tor last
year were S276 i53 "a
THE ENROLMENT LAST YEAR
The total enrolment for the year was 2.451
persons 700 in. the college, 800 in the extension
and $40 in the Horace Mann and speyer
Schools
These figures" said the Dean. represent an
Increase of 20 per cent in college students. OF
90 per cent in extension work and 20 per cent
IN school pupils. OF the college students DID
are college graduates. and q had partial col
sge course. one hundred and ninety-one are
graduates Of manual schools.
Five years ago only 80 OF the students were
SSoiege graduates. and there were only soo stu
dents
. IN the past twelve months the secretary or
ne college has received requests for oSO teach
eis as against 32O the previous year. He was
sOle 10 supply only 2Ol. The scholarships have
'eeh increased 10 Ia, each valued at S3VO
~ IS great compliment 20 our college Tor
~. ne 70 be able 10 state that the General Educa-
uohsl Board gave US eight scholarships for the
sApfess purpose OF introducing our methods
me me The Southern States" said Dean Russell.
csohn Crosby Brown, Y. Everitt Macy and
,-so1se Foster Peabody contributed the remain
"g Scholarships
AAthough IL is only three years since the coll
- hfst sent out graduates. many Of them
,sse taken permanent positions in normal
Na'hihg schools and in universities"
fEnDGVa RHHDn YEATnU