The midland journal. (Rising Sun, Md.) 1885-1947, 1907-02-15
ROCKEFELLER'S BIG
FUND FOR EDUCATION
Gives Securities TO General Educa-
ton Board.
THIRTY.TWo MILLION DOLLAR GIFT.
Young Rockefeller, One of the Trustees
of Board, Announces the Gigantic
Contribution in Brief Letter-The
Whole Amount in Income-bearing Sc.
curities-BreaksA All Record.

Whole Amount in Income-bearing Sc
curities-BreaksA All Record.
New York Especially A special
meeting of the trustees of the Gen
eral Education Board, held at the
offices of the board, at "a William
Street in response to a request for
the meeting from John D. Rockefel-
Ter, resulted in the reading of let
ter from Mr.. Rockefeller, in which
he announced to the board a gift
of $32,OO0,000 in income-bearing Sc
curities.
Surprise was expressed by the
board members when the letter was
presented by John D. Rockefeller, JT.
They were amazed at the size OF the
gift. None of the trustees had any
notion of the object of the meeting,
with the exception, perhaps, OF Fred
erick T. Gates, who presided
For general education purposes
throughout the country is given as
the purpose of this donation--the
largest single prize even handed
out for such purposes.
Mr.. Rockefeller previously had CIV
en- the board $11, 100000 for the
same work, his contributions now
amounting to $43,000,00O.
The meeting was opened with the
following in attendance: Freder1ck
T. Gates, chairman; George Foster
Peabody, treasurer; DR.. Wallace But
trick, secretary, and John D. Rookie
Teller, Jr., Robert o. Ogden. Albert
Shaw, Starr J. Murphy, Edwin A. AL
derman and Harry Pratt Judson, ID,
G.. Gilman, of Baltimore, is a mem
Der of the board, but he was not
present.
Mr.. Rockefeller's Letter.
The letter which announced the
gift for so vast sum to help in the
work of the board in promoting edu-
cation in the several states OF the.
Union reads as follows:
February 5, 1907.
General Education Board,
54 William Street,
New York City.
Gentlemen My father authorizes
me to say than on or before April /,
1907, he will give to the General
Education Board demonstrating Sc
curities, the present market value OF
which is about thirty-tWo million
dollars ($32,000, 10000, one-third to
be added to the permanent endow'
ment of the board; two-thirds to be
applied to such specific objects with
in the corporate purposes OF the
board as either ne or l may from
time to time direct, any Remainder
not so designated at the death OF the
survivor to be added to the perma
nent endowment of the board.
Very truly,
(Signed)
JOHN D. ROCKEFELLER, JR.
The members of the board which
has previously received gifts aggre-
eating about $11, 100000 from Mr..
Rockefeller, after general felicita-
lions over the donation of its fund,
prepared the following acknowledge
ment, which will be sent to the donor
tomorrow:
The Boards Acceptance.
Mr.. John D. Rockefeller,
New Yory City.
Dear Sir:
The General Education Board ac-
knowledges the receipt of the COM
munication of February 5, 1907,
from Mr.. John D. Rockefeller. Jr.,
a member of this body, announcing
your decision to give to the board
for the purpose of its organization
securities of the current value Of
$32,OOO,000. The General Educa-
ton Board accepts this gift with a
deep sense of gratitude to you and
of responsibility to society. This
sum, added to the $11 100000 which
you have formerly given to this
board, makes the General Education.
Board the guardian and administra-
tor of total trust fund of $4,000
600.
This is the largest sum ever given
by a man in the history of the race
for any social or philanthropic pur-
pose. The board congratulates you
upon the high and wise impulse
which has moved you to this deed
and desires to thank you, in behalf
of all educational interests whose
development it will advance, in be-
half of our country whose civiliza-
ton for all time it should be made
to strengthen and elevate. and in be-
half of mankind everywhere in whose
interest it has been given and for
whose use it is dedicated.
Far-Rcaching Responsibility.
The administration of this fund
entails upon the General Education
Board the most far-reaching respon
sibility ever placed upon any edu-
cational organization in the world.
AS members of the board we accept
this responsibility, conscious alike
of it's difficulties and its opportuni-
ties We will use our best wisdom.
to transmute your gift into intel
lectual and moral power, counting
it a supreme privilege to dedicate
whatever strength we have to its
just use in the service of men,"
Very respectfully yours.
(Signed)
FREDERICK T. GATES,