The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-07-01
St0,000,000 FOR COLLEGES,
JOHN d. ROCKEFELLER' GIIT JO
GENERAL ED.CiTION no ARD.
ON, the Income 10 lse isei Hops q
Induce others TO Ala Institutions Now
Existing, Instead OF Founding New
Oncs-N,oncy to BE Available Oct. I.

John D. Rockefeller announced yester-
o'ay gift OF SlO,OOO,OOO for higher educa-
ton. The gift il made through the Cen
rral Education Board, which will have the
distribution of the income OF this fund,
and which suddenly rises from compare
lively small institution for the furtherance
Of negro schools to be power in American
educational matters.
The money will lie used mainly for the
assistance Of small and struggling colleges.
The great institutions, it Is understood,
are to receive no benefits from the fund.
The trustees If the fund cay that this means
more than the gift of ten millions to higher
education: 1t means the establishment OF
an institution which will make business
Of distributing gifts to education intelll-
gently and movement to divert money
gifts from the founding Of small and weak
colleges to the support of needy ones al
ready esta blished.
John d. Rockefeller CAV. 81 100000 in
lSC2 to found TIE board and to help its
work with the negro schools in the South.
il has been known on the inside for some
ime that he intended to do more. and that
tho announcement was to be made at
meeting yesterday.
Still the members were astonished when
Robert G. Ogden. the chairman. rose and
announced that the gift was to be an even
slOOOO,0OO. The board formally accepted
the gift and the following statement was
issued to the public by DR. Wallace Buttrick.
tic secretary:
AT meeting of the General Education
Board held to-day a gift of Sl00OO,OOO was
announced from Mr.. John d. Rockefeller.
The fund is to be an endowment for higher
education in the United States,
The announcement of the gift was con-
tanned in letter from Mr.. F.'C, Gates. who
j. Mr.. Rockefeler's representative The
following is copy Of the letter of gift
20 BROADWAY. NEW YORK. June 49, 1905.
To lessrs. Wallace Bufir'ck and Starr i.
Nwphu. Secretaries and Erecu'irc OHcers.
G,nerai Education Board. "a lVdI'om
street. Nor York.
-DFAH SIRs am authorized by Mr.. John
p. Rockefeller to say that II" viii contribute
10 the General Education Board the sum 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 hold in per
rctuitv as a foundation for education, the
income. above expenses and administration,
to be distributed to, or used for the benefit
Of such institut ions Of learning. at such times,
IN such amounts. for such purposes and under
such conditions, or employed in such other
Ways. as the board may deem best adapted
TO promote comprehensive system of higher
education in the United states. Yours very
truly, +. T. GATES
MIR John d. Rockefeller, Jr.. with other
gentlemen of New York city was instru
mental in forming the General Education
Board in February. 1902. A very broad
and admirable charter was secured from
n, q L., D. A..
on Jan ~, 1903.
"A gift Of one million dollars from Mr.
John d. Rockefeller was Immediately passed
over to the board. especially designated
for educational work in the South. Other
funds have been added by other phianthro-
pists since that time and the board has con-
fined it's work hitherto mainly to educational
work in the Southern States
The present gift differs from Mr.. Rock
efeller's first gift to the board in the follow
ing particulars:
The principal sum of the gift OF one mil
ion dollars made on the organization of
the board could be distributed. The pres
ent gift OF ten million dollars is held as en-
Gowment, the income only being available
for distribution.
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 education. The
tecond gift is confined to higher education
and is designed especially for colleges as
distinguished from the great universities,
although there is no prohibition in the letter
Of gift against making contribution. to
Universities
Both gifts are alike available for denomi-
rational schools "a well as for those which
are non-sectarian. While the funds may
lie employed for UNCONVENTIONAL schools
they will be employed without sectarian
distinctions. No special denomination will
le particularly favored but the funds
will be open to approved schools Of tall
denominations, although they cannot be
employed for giving specifically theological
instruction.
"ln distributing the funds the board
will aim especially to favor those institu-
tons which are well located and which
have local constituency sufficiently strong
and able to insure permanence and power.
No attempt will be made to resusctate
moribund schools or to assist institutions
which are so located that they cannot prom
i'e to be permanently useful.
within these limits there are no re-
strictons as to the use of the income. 1t
may be used for endowment, for buildings,
Tor current expenses, for debts, for APP
paratus or for any other purpose which
may be found most serviceable.
1T is known that Mr. Rockefeller has
had this gift in contemplation for a long
'ime and Mr.. Gates has been studying the
subject in his behalf for many months.
If the fund proves to be as useful as Ia now
anticipated, Mr.. Rockefeller will I'M
doubleday make large additions to it in
future years.
The board has, in fact. already done
most OF the preliminary work OF investigat-
ing the condition OF the small colleges
throughout 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
in the country is tabulated and filed away.
hA