The Montgomery advertiser., 1907-02-08
GIVES MONEY TO EDUCATION Rockefeller Makes Ire nlendous Donation. HE PUTS UP s32,ooo,ooo Left to Disposition of General
 Educational Board. Gin |. Presented By Son of standard Aawnate and |. Largest Amount
 in History of
 We-sA-

New York. Feb. 7--Thirty two mil i,ons of dollars worth of income bearing securities was the gift which John D. Rockefeller. Jr.. announced 70 the General Education Board when N assembled for special meeting Tn this city late this afternoon.
 For general education purposes throughout the country is given as the purpose of this donation--the largest single prize .ever handed out for such purposes.
 Mir Rockefeller previously had given the Board Si1,J00,000 for the same work his contributions now amount- ing to $4s, s,oe0.0o0.
 The General Education Board appa- rentiy was not prepared for this giII which was announced simply in this letter: -
 New York. Feb. 5, 1e07 General Education Board, New fork
 "Gentlemen-My father authorizes me to say that on or before April l, isoi' he will give to the General Board in- come-bearing security, the present market value of which is about s32,. 00o. 900. one third to be added to the permanent endowment of the Board; two-thirds to be applied to such spe- cific objects within the corporate pur- noses of the Board as either he or may. from time to time. direct. any remainder not so designated at the death of the survivor to be added also to the permanent endowment or tne Board. Very truly,
 AJohn D. Rockefeller, Jr.'
 Most of the members of the Board ware surprised at the announcement and amazed at the sine of the gift. pr. Ruttrick. the Secretary. said he did not know the gift was to be made unth he received the letter. Other members did not know of the donations nnu' the letter was read.
 John D. Rockefeller, Jr., remained throughout the session of the board. Asked if he had anything to ada 10 his letter. he replied he did not believe he could add anything of lnlportance to if as the letter explained itself, Racsxefeisef TO lasrect Funds. MEu1borg Of the -hnua v'hsr asked what the ''specific purposes refsrred to sr Mr. HockefeIier's letter meant. sg,a sthat it was in the line of edu- oafionai work, and was intended. In fheir opinion, to give Mf- Rockefeller inc right to direct the disposition of the fund to such institutions. within the province of the board as he may deem proper. The elder NIT. Rockefel- lar ia not a member of the board but his son is member and the active direction doubtless will come from
 The board voted to accept the gift and in appreciation directed letter to the elder MT. Rockefeller as fol- lows:
 knowledges the receipt of the commu- nication of February 6. i907, from Mir. John D. Rockefeller. IT,, a member of this body announcing your inten- tion to give to the board for the pur- pose of its organization. securities of tho current value of thirty-two mil- lion dollars.
 'aThe General Education Board &C., eepts this gift with a deep sense of gratitude to you and of responsibility to society. The sum added to the eleven millions which you have for merly given to this body keeps the and administrator of U total trust fund of forty-three million dollars.
 This is the largest sum ever given by man in the history of the race for any social, or philanthropic pur- pose. The board ccngratuiates you upon the high and wise impulse which has moved you to this deed, and de- sires to thank you in behalf of all educational interests whose develop ments 1t will advance, in behalf of our country whose civilization for all time 1t should be made to strengthen and elevate and in behalf of mankind everywhere in whose interests 1t has been given and for whose use it is ded- icated."
 Five Colleges Bene1ited.
 The members of the Board who will administer Mir. Rockefeller's immense gift. include some of the best known educational workers, flnanciers,' pub Iicists and philanthropists in the coun- try.
 While the Board was in session to- day, gifts to i've colleges were ordered amounting to $400,0o0. as follows:
 Beloit Colleges. Beloit, Wis; Morn ingside College. Sioux City, Iowa; La- fayette College. Easton, Pa. $50,0OO each; Wabash College, Charlottesville, ind, and the University of Woorster. O., each $125,000.
 In 1903 the General Education Board was chartered by Congress. It em- ploys force of experts in the study of educational conditions in all parts of the United States.
 The organization was adapted to as- sist Mir. Rockefeller in the distribu- ton of his gifts to education but it was not intended to limit the work of the Board to the administration of funds given by him. It was rather designed to meet 8 wider need and to offer medium through which other men of means who desire to promote educa- tion in it's various forms in the United States would do so in a systematic. in- tellIgent and effective way and the board is being so used extensively by philanthropists.
 In 1902. John D, Rockefeller pledged S1 o01 OO0 to the work of the Board, continuing it's use particularly to the study and promotion of education in tha Southern States. On June 30. 1895, Mir Rockefeller gave the board sl0,- ooo OOo in securities, the principal to be held as a foundation for education. tba income above expenses of adminis- tration to be distributed to or used Tor tt" Eareft of such institutions as the