The morning journal-courier. (New Haven, Conn.) 1907-1913, 1908-04-04
Scope Of the Ten Million
Dollar Foundation Fund
Extended by Ad-
ditional Gift.
INCOME NOW s75o,ooo
Donator Yields TO Plea That
Granting Of Pension to Pro-
fessors by a State Would
Raise Demand from
Other Officials.

New York, April 3.--Announcemen 3.
was made tonight that Andrew Car
negie would add s5,0O0O00 to the
fund of the Carnegie Foundation or
whatever sum might be necessary to
include as pension benchcaries elig-
ible professors of state universities,
No provision was made for this
class of educators in the original gift
for the reason given by Mr. Carnc-
gle at the time, that the donor
thought 1t possible that such insttu-
tions might prefer that their relations
should continue exclusively with the
state from which their chief support
was derived This view was not taken
by the National Association of State
universities which in the year follow
Ing the establishment of the founda-
ton, petitioned the trustees for par
tcipation in the benefits of the rctir-
ing allowance system. II was then
found that the earnings of the origin
al fund of sl0o0O,000 had been cx-
hausted through the outlet already
planned, and that II the faculties of
all state universities were to be bene-
fitted. an additional s5,000,000 would
be required. The situation was plac-
ed formally before Mr. Carnegie by
Or. Henry S. Pritchett, president OF
the Carnegie Foundation for the Ad-
vancement Of Teaching, on March 81
last, and on that same day Mr. Carne-
gle replied that the money would he
forthcoming for any state institution
the application Of which received the
approval of the legislature and COVER.
nor OF rs state The additional dona-
ton will be In per cent bonds, thus
providing an added annual income of
quarter of million dollars and q
total for yearly disbursement OF $780,
600.
Tho Carnegie Foundation was estab-
lshed by Mr. Carnegie on April 81,
1905 with n gift of trust fund of
si000oooo In five per cent, first mort
gage bonds of the United States Steel
corporation. This fund was placed in
the care Of trustees, including the press
idents of the better known colleges and
universities of the country. The reve-
nue Of the fund provides pensions for
teachers OF universities, colleges and
technical schools In the United States
Canada and Newfoundland, who are
retired after 25 years service or havlnf
reached the age of 65 years have taught
fifteen years preceding. From the ben.
efits Of the trust wcra excluded instl.
tutions supported by state or colonis
government and schools under sectar
ian control.
Or. Pritchett tonight made public
Mr. Carnegie's letter promising thu
further gift and statement regarding
the action Of the national association
of state universities. Under date o.
March 81, 1905 Mr.. Carnegie wrote
Dear Sir: Your favor of to-day in
forms me of the desire Of the profes
sors Of state universities 10 he cm
braced In the pension fund. as show
by u resolution unanimously adopted
by their national association.
I'm my letter of April l6, 1906, hand
ing over the fund TO my trustees tn
following occurs I'VE have. however
to recognize that state and coonia
mainly supported universities. college
or schools may prefer that their rela
tions shall remain exclusively with tn
state. | cannot, therefore, presume T.
include them.
II beg now to say that should tn
governing boards Of any state univer
stiles apply for participation In tn
fund and the legislature and govorno
Of the state approve such application
It will give me great pleasure to In
crease the fund to the extent necessar
to admit them, ] understand from 20
that If all the state universities shoul
apply and be admitted five million
required. making the fund fifteen NIL
lion dollars in all.
From the numerous letters | hay
received from pensioners and the
wives and tho warm approval of I'll
press and the public ! AIN Statistic
that this fund It, and must he for a
tine, productive Of lasting good M
OillN w LHp IetlDIbllUt bul W lut tHuf
OF higher education.
Most grateful am | to be privilege
as trustee Of this wealth to devote
to such use
"Truly yours,
(Signed) ANDREW CARNEGIE
Dr. Henry $. Pritchett, presidel
Carnegie Foundation for the Advanc
ment Of Teaching
The nature Of the request made |
state universities is set forth as fl
lows;
"The National Association OF sta
Universities, which embrace all sta
universities in the United states, at
meeting IN the autumn Of 1905, uuanfr
ously adopted a resolution praying tn
state universities b. admitted to Il
retiring allowance rrstem of the Ca
noele foundatiDts This resolutio
CONTINUED OH Third Pagcl