The daily morning journal and courier., 1907-02-08
A COLOSSAL GIFT. John D. Rockefeller Gives Thlrty-two Millions for General Educational
 Purposes Through
 out Country.
SON MAKES ANNOUNCEMENT
LARGEST SINGLE GIFT EVER MADE FOR SUCH WORK.

MADE FOR SUCH WORK Money to be Mrde Over to General Ed
 ucatlOn Board in Income-learing Se-
 curities by April 1-Makes Total
 Benefaction to This Organization
 FOrty-three NIilIion-Largest Ever
 Given by Any Man in the History of
 the Race for Any Social, or PhiIan-
 thropic Purposes-Secretary of the
 Board Rev. Wallace Buttrick, a
 Former New Haven Pastor.
 New York, Feb. 7.-Thirty-two mill lions of dollars worth of income bear ing securities was the gift which John D. Rockefeller, through his son, John ID. Rockefeller, jr,, announced to the General Education board when 1t as- sembled for special meeting in this city late this afternoon.
 For general educational purposes throughout the country is given as the reason for this donation--the largest single prize ever handed out for such purposes.
 MT. Rockefeller previously had given the board S11 100000 for the same work, lis contributions now amounting to $4S,- o0O.0O0.
 The General Education board appar- ently was not prepared for this gift, which was announced simply in this letter;
 New York, Feb. 6, 1907. General Education Board, 54 William
 Street, New York City:
 s'Gentlemen: My father authorizes me to say that on or before April 1, 1907, he will give to the General Education board income bearing securities, the present market value of which is about s32, 900 900, one-third to be added to the permanent endowment of the board; two-thirds to be applied to such speci- fic objects within the corporate pur- poses of the board as either he or I may from time to time direct, any re- mainder not so designated at the death of the survivor to be added also to the permanent endowment of the board.
 "very truly,
 "John D. Rockefeller, jr."
 Most of the members of the board were surprised at the announcement and amazed at the size of the gift. Dr. 4bo snora+o,.xr sai1 bn 6iH mt know the gift was to be made until he received the letter. Other members did not know of the donation until the let ter was read.
 A special meeting of the board was called for to-day to consider a commu- nication from MT. Rockefeller, the pur- port of which was not known to all the members. John D. Rockefeller, jr., act ing for his father, appeared shortly aft CT the meeting was called to order and handed the letter to the secretary, Dr. Wallace Buttriek.
 John D. Rockefeller, jr,, remained throughout the session of the board. Asked if he had anything to add to his letter, he replied he did not believe he could add anything of importance to it, as the letter explained itself.
 Members of the board when asked what the specific purposes" referred to in MT. Rockefeller's letter meant, said that 1t was in the line of educational work, and was intended, in their opin- ion, to give MT, Rockefeller the right to direct the disposition of the fund to such institutions, within the province of the board, as he may deem proper. The elder MT. Rockefeller is not member of the board, but his son is member, and the active direction doubt less will come from him.
 The board voted to accept the gift, and. in appreciation, drafted a letter to the elder Mir, Rockefeller as follows; ''The General Education board ack- nowledges the receipt of the eommuni- cation of February 5, 1907, from MT. John D. Rockefeller. jr., a member of this body, announcing your decision to give to the board for the purposes of its organization, securities of the current value of thirty-two million dollars ($92,- 00G, ,00O). The General Education board accepts this gift with deep sense of gratitude to you, and of responsibility to society This sum- added to the eleven millions ($11,OoO,OOO) which you have formerly given to this board. makes the general education board the guardian and administrator of total trust fund of forty-three million dol lars ($4S, S,OOOOOO).
 'This is the largest sum ever given by man in the history of the race for any social or philanthropic purpose. 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 inter- ests whose developments it will ad- vance, in behalf of our country whose civilization for all time it should be made to strengthen and elevate. and in interests it has been given, and for iterests it has been given, and for U-boea 11Sa if ic dadinn tnd