New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-03-03
A GREAT FORTUNE
FOR THE NATION
DIR. ROCKEFELLER TO
SPEND BILLIONS.
Foundation Bill in Senate
Broader Scope than That
of DIR. Carnegie.

Washington. March John .. Rock
efener intends to leave a great part -tf
his fortune TO the nation and hopes to
see the accomplishment of part of his
plans. at least. during his lifetime. This
intention was made clear by a bill intro
duced by senator GaIlinger to-day which
| indicates that Mr.. Rockefeller intends 70
spend his millions on scale much
greater than he has heretofore attempt
ed These expenditures will be made
/ through = corporation to be ORGANIZED
under a special act of Congress which IS
to have its headquarters in Washington
and is TO be known as the ROcke1elief
Foundation. Mr. Gallingers bill 10 II
/ corporate the foundation was referred 10
| the Committee on the District or Co
| Jurnbia of which he is chairman
The incorporators named are John D.
Rockefeller. John D. Rockefeller. r.. Fred
T Gates. Starr ]. Murphy and Charles -
Heydt. The members of the corporation
are to be not less than five or more than
| twenty five persons.
The object of the corporation. as SET
out in Mr.. GaIlinger's bill, is 20 pro-
mote the we'll being and to advance the
civilization of the people of the United
states and its territories and possessions
and of foreign lands i'm the acquisition
and dissemination of knowledge. IN the
prevention and relief OF suffering. and IN
the promotion of any and all of the eie-
ments of human progress To carry
out it's plans the corporation is to have
the following powers:
ITO establish, maintain and endoV, or
to aid others. whether individuals. as
sociations or corporations: to establish
maintain and endow institutions and
other agencies for carrying on said oo-
iects and any of them; to purchase, hoid.
sell ana convey real estate necessary
or convenient for the said corporate
objects, and to erect. improve, enlarge
and equip buildings and other structures
necessary or convenient for said OBJ
jects or any of them, and to acquire.
make and furnish all necessary or con-
yenient apparatus or other accessories:
to employ and aid others to employ
teachers. lecturers, assistants and agents;
to donate 10 any individual association
or corporation. engaged in similar work
money or property. real or personal
which shall at any time be held by the
said corporation hereto constituted. SUBJ
ject to the terms of any gift grant.
bequest or devise by which the said
corporation shall have received the same;
to collect statistics and information, and
to publish and distribute books, docu-
ments and reports containing the same.
and in general to do and perform all
things necessary OF convenient for the
promotion of the object of the corpora
ton
From all that can be learned of what
is back of this movement it is under
stood that it will be. in one sense. rival
To- the Carnegie Foundation. which has
its headquarters here. The purpose of
the Rockefeller Foundation. however. IS
much broader than that of the Carnegie
Foundation
While the purpose of the Incorporation
OF the Rockefeller Foundation is not
fully understood here. it is known that il
is intended to be a medium through
which Mr.. Rockefeller will spend millions
in the cause of charity for educatfon.
and for various movements calculated to
help the cause of human progress.
1t will be recalled that Mr.. Rockefeller
was the prime mover in endowing the
General Education Board This board is
Incorporated by act Of Congress in the
District of Columbia. 80
Through this alone Mr.. Rockefeller
has spent s52.O00.00O- This does not in
clude all of his contributions to benef-
icent purposes
Senator Gallinger. when asked about.
the object of the bill. said:
Il am not authorized TO speak for Mr.
Rockefeller But there is no doubt that
he purposes to spend his millions. He
has already spent s52.000.00o through
the General Education Board. I.hays
no doubt that Mr.. Rockefeller intends TO
give away his money on a scale greater
than any other living man.. Tram not
acquainted with all of the details of Mr..
RockefeIler's plan. but it is expected that
Washington will be made the head
quarters.
1t is said to be the purpose, OF Mr..
Rockefeller TO spend the greater part OF
the vast fortune he has built up while
he is Yet alive. and il is said that he
desires not only that his money shall Ebs,,
expended fer various philauthropic pur-
poses. but that IL shall be spent 50 that
he can see the results of the distribution
OF his wealth.