The state herald., 1907-02-15
STORY OF WRONG GREATEST GIFT
ROCKEFELLER DONATES THIRTY.
TWO MILLION DOLLARS FOR
EDUCATION.
FOR USE OF GENERAL BOARD.
Money viii Go to Colleges Throughout
the country.-state institutions Arc
Not Eligible for Aid from the Fund.

Money VIII Go TO colleges IHVo0SHous
the country.-state institutions Arc
Not Eligible for Aid from the Fund.
New York.-Thirty-two million dol
lars worth of income-bearing securi-
ties was the gift which John D.
Rockefeller, through his son, John d.
Rockefeller, Jr., announced to the gen.
eral education board when 1t assem-
bled fer special meeting here Thurs
day.
The gift, which is the largest single
sum ever handed out for such purposes.
will be used for general education pur-
poses throughout the country. Mr..
Rockefeller previously had given the
board $11,OOO,OOO for the same work.
his contributions now amounting to
$43,OO0,000.
The general education board appari
emily was not prepared for the gift,
which was announced simply In a let
ter from John d. Rockefeller. Jr., to
the board. in which he says:
"My father authorizes me to say
that on or before April l, 1907, he will
give to the general board income-bear-
Ing securities. the present market
value of which is about 1872 100000.
one-third to be added to the
permanent endowment of the board;
two.thirds to be applied to such spe-
ciflc objects within the corporate p4e-
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"
The board was amazed. saying that
they did not know of the donation un-
til the letter was read.
A special meeting Of the board was
called for Thursday to consider q COM
munication from Mr.. Rockefeller. the
purport of which was not known. John
D. Rockefeller. Jr., acting for his
father. brought the letter.
Asked IL he had anything to add to
his letter, he replied he did not be.
iieve he could add anything OF import
ance to 1t, as the letter explained It's
self.
Members, when asked what the "spe-
cifc purposes" referred to In Mr..
Rockefeller's letter meant. said that It
was in the line OF educational work.
and was intended. in their opinion. to
give MIR. Rockefeller the right to d.
rect the disposition OF the fund to
such institutions. within the province
Of the board. as he may deem proper.
The board voted to accept the gift,
and In appreciation drafted a letter to
the elder Mr.. Rockefeller.
This Is the largest sum-" wrote the
board to Mr.. Rockefeller, "ever given
by a man In the history Of the race for
any social or philanthropic purposes:
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 civilization for all
time II should be made to strengthen
and elevate, and In behalf OF mankind
everywhere In whose interests It has
been given and for the use to which It
IL dedicated.
'The administration Of this fund en-.
tails upon the general education board
the most far.reaching responsibilities
ever placed upon any educational or.
ganization In the world. We will use
our best wisdom to transmute yoN
gift into intellectual and moral power.
counting It n supreme privilege to ded.
icate whatever strength we have to Its
use III tne SERVICE OF men.
While the board was In session
Thursday gifts TO Owe colleges were or.
dered amounting In all to 100000. as
follows: Beloit College. Beloit. Wis
consin; Morningside College. Sioux
City. Iowa: lafayette College. Easton,
Pennsylvania. $4,000. Wabash Col.
lege. Charlottesville. Indiana. and tho
University Of Wooster. Wooster. Ohio.
each $4,000.
In 1908 the General Education
Board was chartered by Congress. ID
employs force OF experts In the con.
unuous and systematic study Of edu-
cational conditions In all parts OF tho
United States. Its object is promoting
education In the various states by
means OF gifts and otherwise.
The organization was adapted TO as.
sist Mr.. Rockefeller In the distrtbu.
uon OF his gifts TO education. but ~
was not intended TO limit the work OF
the board to the administration Of
funds given by him. said Chairman
Frederick Gates. who explained tho
purposes OF the organization.
In March. 1902" said Mr.. Gates,
John d. Rockefeller pledged ei.tgp..
~ ~ ''' WIN w WV
Its use particularly to the study and
promotion Of education In the southern
ktatcs."
June 10. 1905. through Mr.. Oates
Mf. Rockefeller sayc the board Sio..
100000 In securities. the principal TO
DO held In perpctuity as n foundation
Tor education. tho income above cx.
ponscs OF administration 20 be distrib.
nted TO or used for the benefit of such
institutions of learning as tho board
might deem best adapted to promote n
comprehensive syatom Of higher cdu'
cation In the United States.
From the income of the original
fund Of fii.o0000o conditional sub.
hcripiionn have already been made TO
eighteen colleges In Virginia. North
Carolina. South Carolina. Georgia. Mis-.
honrl. Kansas. Iowa. Louisiana. Wis.
conHin. Indiana. Ohio and Pennsyiya.
MIA, amounting TO n total of t1.0TT, 800.
~ condition of receiving these
gifts the colleges are raising the fur.
s..sa