The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-07-01
VAST SUM GIVEN
BY ROCKEFELLER
Ten Million Dollars to General Edu-
cational Board.
COMMON SCHOOLS BARRED
ONLY THE INTEREST is TO BE
USED.

NEW YORK, June 30.-Ten million
IN dollars as an endowment for
higher education in the United
States has been given the general edu-
cation board by John D. Rockefeller.
The announcements Was made by DR..
Wallace Butttrick of the board at a
meeting today. The Following letter
to the secretaries and executive Of
ficers of the board from F. T Gates,
Mr.. Rockefeller's representative. was
given OUT
''2s Broadway, New York. June 80,
19O5.-To Messrs. Wallace Buttrick and
Starr J. Murphy, secretaries and ex-
ecutive officers general education
board, New York:
Dear Sirs--I am authorized by Mr.
John D. Rockefeller to say that he viii
contribute to the general education
board the sum OF $40 O00, 600 to be paid
Oct next, in cash or, at his option,
IN incOme-prOduCing securities at their
market value, the principal to be held
IN perpetuity as q foundation for edu-
cation, the income above expenses
and administration. to be distributed
to, or used for. the benefit of such in
situations 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 promote a COM
prehensive system Of higher education
in the United States.
Csigned) "F. r. GATES"
Charter From Congress.
With the letter the following state
ment was given out:
John D. Rockefeller, jr., with other
gentlemen of this city, was instru-
mental in forming the general educa-
ton board in February. 1902. A very
broad and admirable charter was Sc
cured from congress and signed by
President Roosevelt on Jan u, 1903
"A gift of 1000 900 from John D.
Rockefeller was Immediately passed
over TO the board especially assigned
for educational work in the south.
Other funds have been added BY other
philanthropists since that time and
the board has confined its work hither-
TO mainly to educational work in the
southern states.
The present gift differs from Mr.
RockefelIer's first gift to the board in
the following particulars:
The principal sum of the gift of 81.
coo. goo made on the organization of the
board could be distributed. The pres
ent gift of sIO,0000 600 is held as an en-
dowment, the income only being avail
able for distribution.
The first gift was designed to be
used expressly in the southern states.
The present gift is for use not only in
the southern states, but throughout
the United States, without distinction
Of section.
Higher Education Only.
The first gift could be used for
common schools and secondary educa-
lions; the second gift is confined to
higher education and is designed es-
pecially for colleges. as distinguished
from the great universities. although
there is no prohibition in the letter of
gift against making contributions to
universities
Both gifts are alike avaiIabl for
denominatiOnal schools as well as for
those which are nOn-sectarian- While
funds may be employed for denomina-
tiOnal schools. they viii be employed
without sectarian distinctions. No
special denomination will be particu-
larly favored, but the funds will be
open to approved schools of all demo-
limitations, although they cannot be
employed for giving specifically theO-
logical instruction.
In distributing the funds the board
viii aim especially to favor those in
stitUtionS which are well located and
able to insure permanence and power
No attempt will be made to resuscitate
mOribund schools or to assist insti-
buttons which are so located that they
CdHHOL pIOHllse 10 De permanently use
full.
Within these limits there are no re-
strictions as to the use of the income
1t may be used for endowment for
buildings. for current expenses, for
debts, for apparatus, for any other
purpose which may be found most
serViceable-
ct is known that Mr.. Rockefeller
has had this gift in contemplation for
a long time, and Mr.. Gates has been
studying the subject in his behalf for
many months. If the fund proves as
useful as is now anticipated Mr. Rock
efeller will undoubtedly make large
additions to it in future years.
Members of the Board.
THE present members of the board
are as follows: Robert c. Ogden, chair
man; George Foster Peabody. treas
urer; Wallace Buttrick. secretary and
executive officer for the states south of
the Potomac and Ohio rivers and Ar
kansas. Louisiana and Texas: Starr J.
Murphy secretary and executive Of
ficer of the states of the north and
west: Frederick T Gates, Daniel G
Gilman, Morris z. Jessup. Walter n.
Page. Albert Shaw, John d. RockefeI-
Ter, jr., Hugh II. Hanna, William r.
Harper and Z. Benjamin Andrews.
There are four vacancies in the
board. which are expected to be filled
of