The Providence news. (Providence [R.I.]) 1891-1906, 1905-06-30

The Announcement was made by Dr.
Wallace Buttrick OF the board at a meet
ing today
The following letter 10 the secretaries
and executive officers Of the board, from
F. T. Gates. Mr.. Rockefeller's representa-
tive. was given out:
&c Broadway. New York June 20.
'Messrs. Wallace Buttrick and Starr j.
MURPHY.
'Sccretaries and executive officers;
General Education board
New York.
Dear Sirs: I am authorized by Mr.
John j. Rockefeller To say that he will
contribute 20 the General Education
Board the sum OF ten million dollars Hl0.-
le,0.ooo)) to he paid October FIRST, next, in
cash or at his option IN income producing
eecurities, at their market value, tho
principal TO be held In perpetuity as a
Foundation for education. the income.
above expenses and administration 10 be
distributed or to be used for the bencflt
OF institutions OF learning at such times,
in such amount and under such purposes
or employ ed I'm such other ways as tho
board may deem best adapted 20 promote
q comprehensive system OF higher educl.
ton In the United States
Yours very truly,
(slgned IT. GATES"
with tao letter the following statement
was given out:
'JohD u. HocKefeIIer, Jr.. with other
gentlemen OF this city was instrumental
1n forming the general education board
an Feb. 1902. A very broad and ad-
-mirable charter was secured from CON
gress and signed by President Roosevelt
on Jan. T. 1903.
"a gift OF $1,000 90 from John u. Rookie
TELLER was Immediately passed over 10 the
board. especially designated for educa-
tional work in the south Other funds
have been added by other philanthropists
since that time and the board has confined
its work hitherto mainly 10 educational
work IN the southern states
The present gift differs from Mr.
Rockefellers first gift 10 the board In the
following particulars:
''rhe principal sum of tho gift OF 81 .000
600 made on the organization OF the
board. could he distributed The present
gift OF $1,000. Ooo is held az endowment. the
income only being available FOR distribu-
tion.
''The former glft was designated 20 Do
used exclusively in tho southern states.
THE present gift is for use not only lr
the southern states. but throughout the
United States. without distinction Of sec
tion.
The FIRST gift could he used for com
mon schools and secondary education
The second gift IS confined 20 higher edu-
cation and r. designed specially for col
leges. az distinguished from the great uui-
versities. although there is no prohibition
IN the letter OF gift against making con-
tributions 70 universities.
Both gifts are alike available Cor de-
nominationAl schools as well az for those
which are non-sectarian. While the funds
may he efnTlOyed FOR denominati0uai
schools they will be employed without
tectarian distinctions. No special dcnum-
ination viii be particularly favored but
the funos viii be open 90 approved schools
OF All denominations. although they cane
not 20 employed Tor giving specifically
theological instruction.
In distributing the funds The board
. will aim especially 90 favor those iusH-
fUtlons which are well located and which
/ have 81 local constituency. sufficiently
strong and able 70 insure pcrmanencv
ard powef No attempt win he made % -
suscitsts nc ribund schools or 10 assist In.