New-York tribune., 1909-07-10

sd lJrt[Z
When I was fourteen or fifteen years old
did all I could to help little parish pay OF a
debt of about $1,000 on church to which be-
lOnged. 1t was one Of the keenest pleasures OF
my life II was there that I acquired the taste
for giving and for influencing others TO give"
Thus spoke the man who has Just celebrated
the seventeen anniversary Of his birth by max
ing his total contributions 70 education amount
TO nearly $ltOO0OOtO. in an address in 1901 TO
the young mems bible class Of the Fifth Ave-
nue. Baptist Church. of which his son was leader
II IS likely that his gifts 10 churches and charf-
ties already exceed the round numbers men
toned John D Rockefeller has been a per-
sistent giver, and in addition TO his advance
ment Of education has endowed many worthy
objects. the most notable OF which is the Rocke-
fe!Ier Institute Of Medical Research founded for
the benefit OF mankind
The latest contribution from the Rockefeller
millions was announced yesterday by the Cen
eraI Education Board of the Rockefeller Foun-
daton. which was the beneficiary IN the sum
Of Sl0oDoGp This brings the total 10 S53
o'"ooo to be expended in a general educational
plan Of rndowing> colleges and universities in
the United states. OF this amount S2OOO0G0O
IS held in trust by the board. subject 10 the dis
posaI Of principal and interest by Mr.. Rocke-
feLIer and his son during their lifetime. This
trust was created on January l. 1901. and IS
still intact, drawing interest. The board has
absolute control over the disposal OF the re-
matnder OF the general trust although when
established. in 1898. the board was empowered
only 20 distribute the interest on the fund.
WILL USE NEW POWER WISELY.
Having decided that a perpetual trust might
not he desirable. Mr. Rockefeller removed the
restriction that limited the board 20 the hand
ling Of the interest only. and empowered il 20
dispose of both principal and interest in its dis
Cretion. In acknowledging Ir. Eockefeller's
latest gift and the lifting of the prohibition 70
distribute any part OF the principal Of the
foundation the board sent him the following
letter.
The General Educatior board acknovI Iedges
t7' receipt Of III" communication from John D.
Rockefeller. jr-. stating Your purpose. on or be-
fore August /. 1903. 20 add To the permanent en-
dowment ~ The board an additional sum y
10000. .0ON.
+ The board accepts with gratitude this new
proof of your generosity. your zeal for an edu-
Gated citizenship IN this democracy. and YOUR
confidence AMI viii e0feavur 20 use the gift
with large winfeduss~ and good sense to the
may h- increasingly benefited by this great
foundation
The board begs 70 Acknowledge also the re-
gaipt uf your personal communication wherein
You authorize and empower the board and its
Successors under wise and proper regulations.
whenever fu their discretion 10 shall seem wise
tr distribute the principal Of this fund and al
other endowment funds hitherto contributed bT
You 90 this board
The board accepts this release from the obli-
CATION to hold these funds IN uerp-tuity or - an
endowment with very clear apprecia tion of the
wisdom. the long look ahead and the faith in
tire future manifested in th- euthorlzatl'' The
members of the General Education Board as a
body corporate and as individuals are Ike mind
eJ i'm their understanding Of your high purpose
lar RI y
termination to- use th- power You have given
them for the public velfare. with patience tUlS
meut and justice
The board yesterday elected Edgar L Marston-
Of Blair & Co. a member To succeed the late
Morris X Jesup and he was appointed To the
finance and executive committees. The other
members of the board are Frederick T Gates,
chairman. George Foster Peabody. treasurer;
Wallace Ruttrisk secretary. f q. sage. assis-
tant secretary: T.. ~. Myers assistant treas
ursr: Robert 4. ogden. Walter r. Page John D.
Rockefeller. jr Albert shaw. starr J. Murphy.
Hugh Hanna. f Benjamin Andrews. Edwin
A Alderman. Hollis K. Frisseu. Harry Pratt
Judson. Charles W Eliot AM Andrew Carnegie
MANY COLLEGES APPLICANTS
During IT'S short existence the board has sub
seribed 10 the colleges and universities Of the
United states - gS7 $40 on condition that sup
Elemental sums amounting To S1fo3I.-0O should
I,a raised thus adding 20 ,olIeSe endowment
through the agency Of the board and the friends
of the various colleges $1I97-Iuso The annual
income Of the fund is about S1.ototfI In its
distribution the board has been guided by Mr..
RockefeIIer's suggestion that only colleges and
universities Of strong growth. creative forces
and with future development and demand for
their existence should benefit from the fund
More than forty institutions of learning in
every section cf the country have received en-
dovments, and there are at present nearly three
hundred applications before the board Among
the forty are Harvard. Yale. Princeton. Bow
doin the University of Vermont. Union. Smith.
Lafayette Knox the University of Virginia and
the College of st Thomas situated at ST. Paul
The latter is the only Catholic college thaJ Has
been endowed by the fund. II has the benefit Of
the personal interest and iaiGcnce Of Arch
bishop Ireland
When the foundation was established the
board expressed the belief that every city of
more than one hundred thousand inhabitants
should have college. and announced that IL
would work to accomplish that end Al tie
same time the opinion IF the board was That
the most Imperative need n the New England
and Middle states was for womea's colleges. the
problem being whether To increase tle facilities
of those in existence or 10 found several more
MR.. ROCKEFELLER HOME AGAIN.