The Bamberg herald. [volume] (Bamberg, S.C.) 1891-1972, 1905-07-06
Rockefeller Gives Ten Mil
lions For Education.
ALL SCHOOLS TO SHARE
Announcement Of Most Munifcent Do.
nation is Made Public by the .
General Education
Board.

Ten million dollars as an endow-
ment for higher education dn the
United States has been given to the
general education board by John D.
Rockefeller. The announcement was
made by DR.. Wallace Buttrick Of the
board at a meeting in New York Fri
day.
The following letter to the secreta-
ries and executive Offices Of the board
from F. E. Gates, Mr.. Rcckefeller's
representative, was given out:
"26 Broadway, New York, June 80,
1905.-To Messrs. Wallace, Buttricx
and Starr J. Murphy, Secretary and
Executive Officers, General Education
Board, New York-Dear Sirs: I am
authorized by John D. Rockefeller to
say that he will contribute to the
general education board the sum Of
$4,000, 900 to be paid October 1 next
in cash, or at his option, in income
producing securities at their market
value, the principal to be held In
perpetuity as a foundation for edu-
cation, the income above expenses
and administration to be distributed
to or used for the benefit Of such
institutions Of learning at such times,
in such amounts for such purposes
and under such conditions or en-
ployed in such other way as the
board may deem best adapted to pro-
mote a Comprehensive system OF
higher education in the United States.
Yours very truly, F. T. GATES.
Statement by Board.
With the letter the following state.
ment is given out:
John D. 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
secured from congress and signed by
President Roosevelt on January H.,
1903.
A gift Of s1,OoO,ooo from John D..
Rockefeller was Immediately passed
over to the board, especially designat-
ed for educational work in the south.
Other funds have been added By 9th
er philanthropists since that time and
the board has confined it's work hith-
erto mainly to educational work in
the southern states.
The present gift differs from Mr..
Rockefeller's first gift to the board
in the following places:
The principal sum Of the gift Of
s1,000,000 made on the organization
Of the board could be distributed. The
present gift of s1O,0O0,00O is held as
an endowment, the income only be-
ing available for distribution.
For Use Everywhere.
The first gift was designed to be
used exclusively 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.
The first gift could be used for
common schools and secondary educa-
ton. The second gift is confined to
higher education and Is designed spe-
cially for colleges as distinguished
from the universities, although there
is no prohibition in the letter Of gift
against making contributions to uni
versities. ..,
Both gifts are alike available for
denominational schools, as well as
for those which are non-sectarian.
In distributing the funds the board
will aim especially to favor those in
stitutions which are well located and
which have a local constituency suf-
ficiently strong and able to insure
permanence and power. No attempt
will be made 10 resuscitate moribund
schools or to assist institutions which
are so located that they cannot prom
ise to be permanently useful.