Rocky Ford enterprise., 1905-07-07
GIFT OF ROCKEFELLER
TEN MILLIONS FOR EDUCATION.
Income to Be oIsburssd by General
Education soard-Msy Be Used
for any Educational Purpose.


Education eoard-May Be Used
for any Educational Purpose.
New York. July l.-Ten million dol
lars an an endowment for higher edu-
cation In the United States has beea
given the General Education Board by
John u. Rockefeller. The anonunce-
ment was made by DIR. Wallace Butt
rick OF the board ut meeting yes
terday.
, The following letter to the secre-
taries and executive officers of tho
board from r. 7. Gates. Mr.. Rocks-
feller's representative. was given out:
"26 broadway. New York. June 80.
1so5.-ro Messrs. Wallace Buttrlck
AMI Starr J. Murphy. secretaries
ana executive officers, General Edu.
cation Board. New York:
"Deaer Sirs-I am authorized by Mt
John d. Rockefeller to say that he will
contribute to the General Education
Board the sum OF &lO.000.00o. to be
paid October LIST next. In cash. or. Mt
his option. In income.producins secur:'
ties at their market value. the prii-
cipal to be held In perpetuity rs u
foundation for education. the income.
nbov" expenses and administration. To
ut OF such Institutions Of learning. at
such times. In such amounts. for such
purposes. and under such conditions.
or employed In such other ways as
the board may deem best adapted to
promOt. comprehensive system OF
higher education In the United States
isignod.J "F. r. GATES"
With the letter the following state
mcnt wnS given out:
John ID. Rockefeller Jr.. with other
gentlemen OF this city. was instru-
mental In forming the General Educa-
tion Board In February. 1902. a very
broad and admirable charter was re-
cured from Congress and signed by
President Roosevelt on January l..
1908.
a gIf, Of 1900. 900 from Mr.. John
u. Rockefeller vas Immediately passed
over To the board. especially desls-
mated for educational work In the
South. Other funds have been added
by other phiinnthropiSts since that
time and the board has confined Its
work hitherto mainly TO educational
work In the southern states.
''rhc present .ift differs from Mr.
RockcI,iicr's first gift 10 the board
In the following particulars:
The principal sum OF the Sift oil
3i.o00.000 made on the organization o!
the board could be distributed. The
present gift OF 3i0.000.0oo Is held ms
endowment. the Income only being
available for distribution.
The first gift was designated to be
used exclusively In the southern
states. The present gift is Tor use not
only In the southern states. but
81. fal
distlnction OF section.
"Thc hrst Gift could be used for com
mon schools and secondary cduca'
tions: the second gift In confined to
higher education and Is designed cspe'
cially for colleges ns DISTINGUISHED
from the great uniycrsli!cs. although
there is no prohibition In the letter
Of gift against making contributions, TO
universities.
Both gifts arc alike available for
dcnominhtionnl schools as well ns Tor
those which are non.sectnrinn. While
the funds may be employed for denom'
national schools. they will be EN-.
pioycd without scctarian distinctions.
No special denomination Will be par
ticulnrly favored. but the funds Will be
open to approved schools OF all de-
nominations. although they cannot be
employed for giving specifically theo'
logical instruction.
"Within these limits there are no
restrictions rs to the use OF the In
come. II may be used for endow'
ments. for buildings. for current ex'
penses, for debts. for apparatus. Tor
any other purpose which may be
found most serviceablc.
II; is known that Mr.. Rockefeller
has had this gift In contemplation Tor
n long time and Mr.. Gates has been
studying the subject in his behalf Tor
many months. II the fund proves as
useful as is now anticipated Mr..
Rockefeller undoubtedly will make
large additions to 1t In future years.
"The present members OF the board
are as follows: Robert c. Ogden.
chairman; George Foster Peabody.
treasurer: Wallace Buttrick. secretary
and executive officer for the statcI
south OF the Potomac and Ohio rivers.
and Arkansas. Louisiana and Texas
Starr ]. Murphy. secretary and exec.
utive officer OF the states north and
west: Frederick T. Gates. Daniel c.
Gilman. Morris X. Jessup. Walter IL.
Page. Albert Shaw. John d. Rockefel'
Ter Jr.. Hugh II. Hanna. William X.
Harper and Z. Benjamin Andrews.
There are four vacancies in the
board. which are expected to be hlled
later"