The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-07-01
StO.Q0O,00O FOR COLLEGES.
.,OjIN %. ROCKEFELLER'S GIFJ ~
.,\TE!i EDIEiTiO\ EOtRD.
,,I, inc ,ucomr to Ec srd- Hopes TO
,udr.r others to tId institutions Now
,,.tnis. instead OF ourdihs Ne"
,,,o. ,ionr, to he A,allaine Oct. I.

,.. o., ~, 4, ,i,nt,,. nc1 I
'"'> '"'''
r,,,,sst., ,nro,,uc.d yestpr.
''.' ,,',,, oo, s,r li,b,r .d,,,-
'ay i "a. g. .. ' ''N'0I ..,,,ei a.. r.,
tOE Ire SIT y "'t|c -, "Hs,' ,''' -,
oval i.tU' 3'i1n Eoa!", "!l'h WA nave 'he
,,,u...'l,G y ne in"0nle on 'hi7 Iiind'
.n5,y,i.a .udjeu,v rises from a compara-
,,. -,...l institution for the furtberauce
'','.......l, ,l.t,l q power ia American
',.',,,..,l ,,o,,c..
T,.. ,,,.,ey wil 10 r!snd mainly for the
.t,.,., ,r'.n,lli and STRUGGLING colleges.
g., .,.,f institutions. it i, understood,
..., ,..a,ya no BENEFITS, from tho fund
'gt, -.,r.. If ,hr fund say that this means
,.ro ,..,Y be gi!. e ten millions to higher
,.r,c,,,.r. I. means the establishment OF
m institution which will make a business
., distributing gifts TO education intelli-
,,,,,lv and a movement ia divert money
eff. iron, tl,e founding of small and weak
'.n...o. fn tho .upport Of needy ones al
,,.,dv n-,a hIi-lcd
.rn u. Eockrfeller gave 81 COO, COO in
,.rp f., la.rd the board and to help its
y.,l with tic negro schools in the South
f. la leon known on the inside for some
,unc ,lat he intended TO do more. and that
tho encouragement was to be made at u
,ocrinr yesterday.
still the members we're astonshed when
r.to,t G. OGDEN, the chairman. rose and
,pno!ncnd that the gift was to he an even
,,OCoomo The board formally accepted
'le gift and the following statement was
Issued 10 the public by DR.. Wallace Buttrick.
,lc,scretarv.
Al q nee'ing Of the General Education
Toard held to-day q gift of $4,000. 900 was
,nuoinccd from Mr. John -. Rockefeller
The rnd is to be an endowment for higher
,dlca,ion in the United States
The announcement of the gift was con-
,eincd in letter from Mr.. F. C.. Gates who
!. N, pockefelIer's representatiye The
following i a copy Of the letter of gift
20 Byo,pv NEW York, June 30. 1905
10 MesSrs Wallace B"hrick end Starr j..
MorDhV Secretaries ana trecVhre ohc'rs'
General ha"c"''o" "'o'" % "''"
"'''' w." w. ,,-,.,
y pa,n,rnn.r to oo, ,hat Ia r,iu onn,rit,,,a
In ,le General Education Board the snm of
ten million dollars $4,000 o0O). to be- paid
October first next. in cash, or. at his option.
IN income producing securities, at their mar
ket value, the principal TO be held IN per
re'ui'y a. a 'o"hda''oh lot eaucat'on the
m'o'ne, auoNs ~ '.nu ''o u
~ s',,h ins,,,,,ia,,so ., Ioornin, a, s"ob ,i,,os
IN such amounts for such p,rnoses and undsr
such conditions or enploved in such other
ways as the board may deem best adapted
to promote comprehensive system of higher
education IN the 'nled states Yours very
nnD' r. J. GATES
Mr' john y. hocheiei'er' nv WIN otncr
gentlemen Oh Ne" orh Guy was ihStrn-
m'e"'a III .o''''''s ''e "ehe'"' ri''ts'l'oi.
""a'u III rs"rua'y' i"-' very proao
ana admlraple charter was secured from
congress ana signed py PRESIDENT hoose'e''
v" Jan ~ i"o'
A gilt OF one million dollars from Mr.
'ohh ~ Rockefeller was immediately passed
over 10 IN" board. especially designated
Tor educational work in the South. Other
'ands nave been added by other pAilanthro-
piss since that time and the board has con-
hhed us work hitherto mainly to educational
WORK IN the Southern States.
The present gift differs from MIR. Rock
eieIers first gift to the board in the follow
h'G PARTICULARS:
Inc princpal sum Of the gift OF one mil
ION dollars made on tho organization of
lie beard could hc distributed The pres