Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1910-03-10
GIGANTIC Project
OF MONEY GIVING
Rockefeller to Bestow His Vast
Fortune on. Mankind through
Chartered Organization.

Washington. March 3.--Action was taken
Yesterday in tho United States Senate
To enable John -. Eockcfellcr 70 spend
money on scale uncqualled by any
man IN modern times. 4 bin was intro
duccd by Senator Gullngcr 60 incorporate
"Thc Rockefeller Foundation" the pur-
pose of which Is to pension teachers
advance tho cause of education and
promote ''all the elements of human
progress and the wcil-beng of the
civilized world
TN this purpose Mr.. Rockefeller H. to
which has been variousl$' oAtimatcd a..
$3.50. No, 0oo to s1.Goo. 0Oo.ono
The sweeping character Of tho under
taking proposed by the founder of the
Standard Oil trust. Is demonstrated in
the measure that provides for it's incor-
poration, the text of which follows:
The object OF the said corpora ton
shall he to prorltc the wcll-bclng and to
advance The civilization of the peoples
Of the United States and its Territories
and possessions and OF foreign lands IN
the acquisition and dissemination Of
knowledge; I'll the prevention and relief
Of suffering; and N the promotion CT
any ard ali OF the clements Of human
progress.
For the promotion oc such objects
the said corporation shall have power:
TO esta hlish. maintain and endow. or to
AID Others. whether lndividuala associa-
tons or corporations. t. establish, main
tain aud endow institutions and other
agencies eor carry NIX or said objects and
any of them; 20 purchase, hold, sci. and
convey reni estate necessary or con-
vetient FOR tie mid corporate obiects.
and to erect, Improve. enlarge and equip
buildings and other structures necessary
or convenient for said objects or any Of
them; and to acquire, make and furnish!
all necessary ur convenient apparatus
and other accessories. TO employ ana aid
Others TO employ teachers, lecturers,
assistants and agents; 10 donate to any
individual! association or corporation
engaged in similar work money or prop
erty. real or personal which shall at any
time he held 10y the said corpora ton
hereby constituted. subiec, 10 the terms
OF any gift, grant, beques: or devise
by which the said corporation shall haze
received the same; to collect statistics
and information ana TO publish and dis
tribute books. documents and reports
containing the same and in general
to do and perform all things necessary
or convenient for the protection Of tho
object Of the corporations"
NAMES or THE INCORPORATORs.
The incorporators and name of the
| chartered organization are thus an
nounced:
That John p. Rockefeller John n.
Rockefeller. Jr.. Fred r. Gates, Starr j.
Murphy and Charles o. Heydt toge;he,
with such persons as they may associate
| with themselves. and thier successors.
be. and they hereby are. constituted a
body corporate of the District of Column
! bia.
THAT the name OF such body corporate
! shall be The Rockefeller Foundation,
and lay thai name Il shall have perpetual
/ succession
1t is also stipulated in the bill that "the
enumeration Of special powers in this
act shall be deemed to be by way of am
| p!i'ication and not by way Of limitation
| of the general powers hereby granted
"The mClnuers Of the corporation shall
he not less than five in uumhrr and not
more than -. as may he prescribed 10y
| lNc by-Ia VS.
''rhe principal Office of tho corporation
shall be located In the District q: Column
, b:a, but Offices ay e maintained and
meetings Of tho corporation. the trustees
and committees may he held in such
other places as the bylaws may from
time to time designate"
Senator GailinGer. who introduced the
| hill ana who + chairman Of the commit
| tee wlc.. Will consider it, said he knew
! little regarding the details Of NJ. Rookie
! feller's proposition.
The dill was sent TO me FOR introduce
| tiou." he said. by Nj. Rociscfeller's law
yers. They did not give me any cxplana
| zion OF its purposes beyond TINT indicated
in its phraseology.
II believe the corporation proposed vii
he made the vehicle BY which M Rocke
| Teller will dispose of virtually al of hi'
hundreds Of millions OF dollars before
| his death and put large sums in trus
| FOR the continuance Of the work.
"Evidenty his intention - to spent
money on Il scheme of philanthropy
more gigantic than ever conceived by /
! human being in the history Of the world.
| ~ sincerely hope the measure he ma.
offered will be speedily passed 10y ;ht