The Washington herald., 1910-03-03
]. D. ROCKEFELLER
TO GIVE MILLIONS
Continued from Page One.

ment which Mr.. Rockefeller viii bestow
upon the foundation has not yet been
worked out" Mr.. Murphy said, nor
has the personnel of the entire board of
directors, which may number twenty-five,
and at no time less than five. been de-
termined"
Mr.. Rockefeller will doubtless endow
the foundation largely. his representative
said, but as In the case Of the Carnegie
Foundation for the Advancement Of
Teaching, the Rockefeller Foundation VIII
be authorized 10 receive and dispense
many other than that obtained from the
original endowment
The charter OF the Rockefeller Founda-
ton is similar 10 that or the General
Education Board, which Mr.. Rockefeller
established in 1903. said Mr.. Murphy.
and TO which he has contributed almost
s5S090,0o0. The only change in the word
ing is that necessary to broaden the scope
OF the Rockefeller Foundation over that
Of the general education board.
The charter for the Rockefeller Foun-
dalton is based upon the experience which
Mr.. Rockefeller and others in the General
Education Board have had in the opera
ton Of that organization. When he estab-
lisned the older organization Mr.. Rookie
Teller did so because he found it ad-
Yantageous TO havt a flexible board with
general educational powers TO handle all
OF his benefaetions in that direction.
His experience with the General Edu-
cation Board has been so successful that
he wants now another board to give the
same fexibility and scope over subjects
not covered IN the limited field of the
earlier organization He has found il not
altogether wise to tie up money meant
to be devoted TO philanthropic purposes In
narTo'F channels. Hence his wish to have
this board with general philanthropic
powers to undertake anything which Il
might be deemed wise to do.
The Rockefeller Foundation is not de.
signed 10 meet any present or special
situation II viii not overlap the province
Of the General Education Board nor draw
, upon the field OF that board in any way.
/ do not know what will be the first phil
| anthropy to be undertaken under the
foundation and do not believe that Mr..
Rockefeller has in mind any single object
10 receive the attention. of the founda-
1 ton. All OF the scope of the foundation s
activity viii be matter of elimination
when the organization is perfected
Mr. Murphy laughed az the idea. limited
at in reports from Washington, that M.
Rockefeller was seeking the creation of
the foundation as a means for dispensing
the major portion OF his fortune.
Whatever endowment he may make
for the foundation" ne said, will
doubtless be a generous one. but I be-
lieve that he VIII still retain enough of
his money TO live I'm comfort"
When Mr. Rockefeller created the Cen
eral Education Board he endowed II with
an initial SI0CQ,oo0 Two years later. in
1906, he made a second endowment of
100000. In February of 1861 he gave
10 the board $50, COO COO income bearing Sc
curities, the largest single benefaction
that he had ever made. In July of last
year Mr. Rockefeller added TO the endow-
ment of the board by 100000 more.
making the total sum devoted by him in
that direction 100000
The scheme OF the General Education
Board. witch is TO be TIT pattern for
the Rockefeller foundation, is that Of a
business corporation which does syste-
maticslly the work of endowing old col
leges, particularly in the South, found
ing new ones where opportunity offers
OF through the Territories where il is
most needed The board has its expert
investigators and educational advisers.
who report upon the merits Of the many
pleas for assistance that come from col
ieges all over the country. 1t takes no
step until the merits OF each case have
been fully demonstrated. No institution
is aided unless the board feels certain
that by aid the institution itself viii be
able to insure it's future.