The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-07-01
S10,OO0,000 FOR COLLEGES.
JOHN n. ROCKEFELLERS GIFT TO
GENERAL EDUCATION BOARD.
On,, the Income to BE Used-Hopcs TO
Induce Others 10 Aii Institutions Now
Existing, Instead Of Founding New
Ones-Noney to lie Available oct. I.

Ones-MOney to lie Available Oct. !.
John y. Rockefeller announced yester-
| dav a lift Of $4,000 900 for higher educa-
ion. The gift is made through tho Cen
.nal Education Board, which will have the
..istribution OF the income Of thi, fund,
nd which suddenly rises from compare
ii civ small institution for the furtherance
% negro schools TO he power in American
-u,ntional matters
i've money will he used mainly for the
s.stance Of small ard struggling colleges.
ne great institutions, 1t IA understood.
70 TO receive no benefits from the fund.
fhe trustees Of the fund say that thi5 mean,
more than the gift of ton millions to higher
education: it means the establishment of
an institution which will make a business
Of distributing gifts to education intelli-
gently and n movement TO divert money
.ift' from the founding OF small and weak
'rlloges to the support OF needy ones al
ready established.
John ID. Rockefeller gave slCoo,ooo In
| q. TO found tho board and to help it's
ork with the negro schools in the South.
has Keen known on the inside for some
zine that he intended to do more, and that
. announcement was to be made at
II citing yesterday.
still. the members were astonished when
Robert G. Ogden the chairman, rose and
announced that the gift was to be Ii even
100000 The board formally accepted
t gift and the following statement was
is ,led to the public by DR.. Wallac e Buttrick.
the starry:
"A, neeing OF the General Education
Poard id to-day a gift Of 10000 600 was
ammo, uced from Mr.. John ID. Rockefeller.
The Z 4 to be an endowment for higher
. education in the United States.
The announcement of the gift was con-
Il tanned in letter from Mr.. f. c. Gates who
Is Mr. Rockefeller's representative. The
fol. & is a c. py of tho letter of gift:
n 20 BROADWAY. New YORK June 80 1905,
ITO Messs Valance Buttrick and Sturr i.
Murphy. Secretaries and Erccutirc officers.
General Education Board. ID William
street. NoW York.
DEAR SIRs: ] am authorized by MIR John
r, Rockefee 10 say that he will contribute
to the General Education Board the sum OF
| ten million dollars 10000, oOOl. to DO 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
petuity as foundation for education. the
| income. above expenses and administration,
TO be distributed to. or used for the benefit
N such amounts Tor such purposes and under
sich conditions. or employed in such other
ways, as the board may deem best adapted
| 20 promote a comprehensive system of higher
education in the United States. Yours very
! truly. +. 7. GATES.
Mr.. John D. Rockefeller Jr., with other
,ntemen of New York city, was instru-
lental in forming tho General Education,
Board in February, 1902. very broad
and admirable charter was secured from
Cons ress and signed by President Roosevelt
Jan. 70, 1908.
, ~ gift OF one million dollars from Mr..
| John ID. Rockefeller was Immediately passed
over to the board, especially designated
or educational work in the South. Other
funds have been added by other philanthro-
1 pists since that time and the board has con-
fined it's work hitherto mainly to educational
work in tho Southern States.
The present gift differs from Mr. Rock
efe!lers first gift to the board in the follow
ing particulars:
"The principal sum of the gift of one mil
lion dollars made on the organization OF
the board could be distributed. The pres
ent gift of ten rilliou dollars is held "a on
dowment. the income only being available
for distribution
Inc ITst RlIt was Designer 10 De OSeI
exclusively in the Southern States. The
present gift is for use not only in the
Southern States hut throughout the United
States. without distncti on Of section.
The first gift could lie used for common
schools and secondary education The
second gift is confined to higher education
and ia designed especially for colleges AZ
distinguished from the great universities,
20 nj 49,
of gift against mating contributions to
universities
Both gifts are alike available for denom-
national schools as we'll "a for those which
are non-sectaran.y While the funds may
he employed fnr dsnnminational schools.
they will be employed without sectarian
distinctions. No special denomination will
be particularly favored. but the funds
will be- open to approved schools of all
denominations although they cannot be
employed for giving specifically theological
instruction. G
I'm distributing the funds the board
will aim especially to favor those institu-
tions which are we'll located and which
have a local constituency sufficiently strong
and able to insure permanence and power.
No attempt will Re made TO res,r-.i..,tg
moribund schools or to assist institutions
which are so located that they cannot prom
ise TO be permanently useful. IS
"Witnin these limits there are no re-
str;ctions as to the Use Of the income IL
may be used for endowment, for building rs,
for current expenses. for debts, for ap-
paratris or for any other purpose which
may be found most servoeabla.
at is known that Mr.. Rockefeller has
had this gift in contemplation for long
time, and MIR. Gates has been studying the
subject in his behalf for many months.
II the fund proves to he as useful as is now
anticipated Mr.. Rockefeller will I'M
doubtedly make large additions t. il In
future years.
The board has, in fact, already done
most of the preliminary work Of investigat-
ing the condition of the small colleges
through out the United States. Starr j,
Murphy, executive officer for the States of
the North and West. has had corps of as
sistants at work for months. In the Offices
of the society information on every college