The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1910-03-03
ROCKEFELLER, JR.
WILL TAKE CHARGE
Of FATHERS GIFTS
Leaves Standard Oil Com
pany to Devote Time to
Il Philanthropy.
FIELD OF LABOR
TO BE UNLIMITED
Scope of Charter Asked Broad
Enough to Cover All
Subjects.

NEW YORK, March 3.-Behind
The incorporation of the Rockefeller
Foundation. the bill for which was
Introduced in the United States Sen
ae yesterday, IS hidden the greatest
pan for the Systemization Of charity
ID the history of the world. The
vast wealth of the oil king, amaSSed
through many years of his active
lie, is to be devoted to charity in
fde broadeSt sense.
The chief alnoner viii be the one
Individual who, under feudal law,
would have had possession of this
E3ealth, reputed in many quarters 10
equal the tabled wealth of the In
dies-John D. Rockefeller, IT,, only
son Of the aged multi-milTOnaire.
MAY LAST FOR CENTURIES.
The plans for the charity are
vast. They will take in every field
q human endeavor, and so sweep
ing are they that the benefactiOns
4om the money will continue for
GEARS, possibly for centuries.
In order to devote all of his
Hme to the work planned by his
Ather, John D. Rockefeller, jr.,
those bent mas been more toward
philanthropy than toward business,
q to retire from all the big cor
pprations where. as his fathers son,
be has been active in the past
Son Reti-es From Standard.
Standard OIL. synonymous with Rookie
feuer, Is the first Of the big corpora
ttDns from which the Younger Rookie
taller has severed himself In order TO
do so, and still preserve the personnel
OF the big corporation, the board OF di-
rectOrs was recently reduced from If
teen to fourteen. Then the resignation
q John u. Rockefeller. jr, was quietly
Eed and as quietly accepted. Today, he
and the men in whom his father places
de greatest trust are rapidly preparing
70 launch the new charity when the le-
eelity of It's existence has received the
stamp Of Congress.
While none Of those who enjoy the
Escrels Of the oil king are prepared 10
take the public, into their confidence at
THIS time and tell Just what will be
done, examination OF the proposed char
Ter shows that there Will be no lnl-
tHtions as 20 where money can be spent
q how much.
Foundation Is Broad
The object shall be 10 promote the
Fen-being and 10 advance the civiIiza-
don of the people of the United States,
and its territories and possessions, and
o. foreign lands in the acquisition and
dissemination of knowledge; IN the pre-
fention and relief Of suffering. and in
kne promotion Of any and all of the
Elements Of human progress
On that broad platform, experts as
pert today. can be bUilded any kind
o. q structure the promoters may de-
sire. Charity in the broadest meaning
81 the word is covered; medical re-
6earCh. exploration or exploitation. the
development Of the sciences. The lin
Etation viii be simply the ambition Of
the men concerned, and 70 his son, John
@. Rookie Teller VII look to see that
the millions are expended for the benefit
OF the HI man race.
Fred 7. Gates, who has dispensed mil
Hons OF the Rockefeller wealth, has
been active IN the pioneer work In the
formation Of the new organization. He
Explained carefully today that the new
Scheme vii. not interfere with the gen
eTal educational board. which has al
Eeady cost Rockefeller 100000
Field Is Worldwide.
The new foundation will embrace
al that the general board embraced, ~
te said. and will also enable us 10 go
into any field Of philanthropy in the
world. It's charter is based upon the
Experience which MI Rockefeller and
Others have had in the operation Of that
Organization
THE new proposition will have q fex-
Ebility and scope which viii enable
benefactiOns not heretofore considered.
Mr.. Rockefeller has found it noe wise
TO tie up large sums in a limited propO-
Eition.
: NO specific plan has as yet been
passed on. The sage foundation has
been q success, this VIII be based some
what along that line. What the en-
towment ~ the beginning Will be is
hard 10 soy, but il Will be large enough
Tor thu work planned and ultimately a
great portion Of the Rockefeller fortune
will he devoted 10 the work"