The daily morning journal and courier., 1905-07-01
ROCKEFELLER'S BIG GIFT
DONATES TEN MILLION FOR
 HIGHER EDUCATION

 Contribution 10 be PIaeed in the Hands
 Of the General Board on October I
 Next-Principai 10 be Held as an En-
 doWment Fund-Interest at the Dis
 posaI of the Board-A Suggestion of
 More 90 Come.
 New York, June 3O,-Ten million dol lars as an endowment for higher edu- cation in the United States has been given the general education board, by John D. Rockefeller. The announce ment was made by pr. Wallace Butt rick of the board at a meeting to-day.
 The following letter to the secretaries and executive officers of the board from F. T. Gates, MT. Rockefeller's represen- tatiEe, was given out:
 26 Broadway, New York. To Messrs. Wallace. Buttrick and Starr
 J. Murphy, Secretaries and Executive
 Officers, General Education Board,
 New York.
 Dear sirs: I am authorized by Mir. John D. Rockefeller to say that he will contribute to the general education boards the sum of ten million dollars ($10,000, ,000) to be paid October 1 next, in cash, or, at his option in income pro- ducing securities, at their market value, the principal to be held in perpetuity as 8 foundation for education, the in- come, above expenses and administra- tion. to be distributed to, or used for the benefit of such institutions of learn ing, at such times, in such amounts, for such purposes and under such con- ditions, or employed in such other ways as the board may deem best adapted to promote a, comprehensive system Of higher education in the United States.
 Yours very truly,
 Signed: s.s F. T. Gates.
 EXPLANATORY STATEMENT.
 With the letter the following state ment was given out:
 John D. Rockefeller, jr., with other gentlemen, was instrumental in form ing the general education board in February, 1902 4 very broad and ad- mirable charter was secured from con- gress and signed by President Roese- welt on January 12. 1903.
 "A gift of s1, 100000 from MT. John D, Rockefeller was immediately passed over to the board. especially designated for educational work in the south. 9th Ter funds have been added by other philanthropists since that time and the board has confined its work flither- to mainly to educational work in the southern states.
 "The present gift differs from Mir. Rockefellers first gift to the board in the following particulars:
 "The principal sum of the gift of S1, ,0G0D00 made on the organization of the board could be distributed, The present gift of $1O,o000O0lis held as en- dowment, the income, only being avail- able for distribution.
 "The first gift was designed to be used exclusively in the southern states. The present gift Is fer use net only in the southern states but throughout the United states, without distinction of section.
 "The first gift could be used for com mon schools and secondary education. The second gift is confined to higher education and is designed especially for colleges as distinguished from great universities, although there is no pro- l1ibition in the letter of gift against making contributions to universities.
 Both gifts are alike available for de- Tryaf1 FfXf4 those which are non-sectarian. While the funds may be employed for denom- national schools, they will be employed without sectarian distinctions. No special denomination will be particular ly favored, but the funds will be open 1 to approved schools of all denomina- 1 tions, although they cannot be employ ed for giving specifically theological in- struction.
 Tn distributing the fund the board will aim especially to favor those insti- tutions which are well located and which have a local constituency suffi- ciently strong and able to insure per manence and power. No attempt will be made to resuscitate moribund schools or to assist institutions which are so located that they cannot prom ise to be permanently useful.
 within these limits there are no re. strictions as to the use of the income IL may be used for endowment, fol buildings, for current expenses, for debts, for apparatus, or for any other purposes which may be iaund most ser. vieeable.
 Tt is known that MT. Rockefeller has had this gift in contemplation for long time, and MT. Gates has been studying the subject in his behalf for many months. If the fund proves to be as useful as it now is anticipated, MT Rockefeller will undoubtedly make large additions to it 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 off. cer for the states south of the Potomac and Ohio rivers, and Arkansas, Louis jana and Texas; Starr J. Murphy, secre tary and executive officer for the state of the north and west: Frederick c Gates, Daniel c. Gilman, Morris K. Jes sup, Walter H. Page, Albert Shaw, Joh1 D. Rockefeller, jr., Hugh H. Hanna William R. Harper and E. Benjamin Andrews.
 There are four vacancies in thu