Los Angeles herald., 1910-03-03
ROCKEFELLER FOUNDATION IS
DISTRIBUTING MEDIUM
BILL TO INCORPORATE INTRO
DUcED IN SENATE
Andrew Carnegie and Oil Maenate
Enter Lists in Strife to Die
Poor-First Endow-
ment Limited
fAssociated Prcssl

Rockefeller foundation in the District Of
Columbia. The bill for this purpose
was introduced by Senator Gallinger
and was referred to the committee on
judiciary. The purpose of the founda-
tion is to provide for general organi-
cation to conduct philanthropic work
on all lines
1t is understood the foundation Will,
be endowed by John ID. Rockefeller and
that he takes this means to dispose OF
a large part of his wealth.
The incorporators named i'm the bill:
John d. Rockefeller, John u. Rookie
fellcr. jr., Rred 7. Gates, Starr J. Muir
ply and Charles O. Heydt, are auth-
orized to select associates, not to eN-
ceed twenty-five, and 1t is provided that
there shall not be at any time less
than five.
The Rockefeller foundation, according
to the bill, is organized to promote
the we'll being aud advance the ciVih-
zation of the people of the United
states and it's possessions in foreign
lands and for the acquisition and DIS
semination of knowledge for the pre-
vention and relief of suffering and the
promotion of any and all of the ele-
ments of human knowledge.
Money Given Away
It was stated by Senator Gallinger
today that Ar Rockefeller already had
given away $52,000,0OO and that he was
seeking n method of disposng or ms
fortune that would benefit mankind
The foundation is organized ON lines
similar to the Carnegie foundation Tor
the advancement of teaching.
As in the case of the latter instltu-
tion. the Rockefeller foundation Will
niSnGnSG
gifts of money other than those op-
tained from the original endoWmehts'
the amount of which has not been liked.
The SCOPE of the foundation IS very
broad. although embraced in a snort
section of the bill. This section reads
"That the object of the said corpor-
alton shall be to promote the Wen
being and to advance the clNlllzdllon
of the peoples of the United States and
its territories and possessions ana OF
foreign lands in the acquisition ana
dissemination of knowledge in the
prevention and relief of suffering and
i'm the promotion of any and all or
the clements of human progress
When asked regarding the bill Sen
ator Gallinger said:
IT am not authorized to speak for
Mr. Rockefeller, but there Is no doubt
that Mr. Rockefeller intends 10 give
than any other living man. ! am not
acquainted with all Of the details of
Mr. Rockefeller's plan. 1t Is expected
Washington will be headquarters"
Murphy Gives Opinion
NEW YORK, March 2.-Starr ].
Murphy. one Of the incorporators
named in the Gallinger bill to estab-
lish the Rockefeller foundation, said
today that he did not know what en-
dowment the foundation would have.
"The bill introduced at Washington
today" said Mr.. Murphy, "is intended
to broaden the scope OF Mr.. Rockefel-
ler's philanthropies and is almost
identical in form with the act of con
gress Of 1903, under which the Rookie
feller educational fund was authorized.
THE new bill makes it possible for
Mr.. Rockefeller to go into any form
Of philanthropy in the world, whereas
the first endowment was specifically
limited"
Estimates of Mr.. Rockefeller's past
benefactions and present fortune vary
greatly. 1t is conceded that i'm phi
lanthropy he has but one leader-An-
drew Carnegie-and the best opinion
is that Mr.. Rockefeller has given
away something approaching $1S1,-
1000, as against $162,0 900 for Mr.
Carnegie.
The leading Rockefeller gifts have
been:
General educational board. .....,$53 600, 600
University Of Chicago .......... 25,000,000
Rush Medical college ........... 5000
Institute for medical research.... 100000
Churches OSnown) .............. 100000
Rivalry Friendly
The rivalry between Rockefeller and
Carnegie in getting rid of their riches
has been of the most friendly nature.
When Carnegie gave 100000 600 to Pitts
burg charities, Rockefeller telegraphed
him:
you have my best wishes in all your
grand efforts to help your fellow men.
1 hope and trust that our prosperous
men the country over viii be stimu-
lated TO emulate your noble example. !
believe untold good would result there
from"
Mr.. Carnegie replied as follows:
MANY thanks, fellow worker i'm the
task Of distributing surplus wealth for
Your congratulations are highly
valued"
How much Rockefeller has left is
even harder to guess than how much
he has given away
In 1907 Frederick r. Gates, one of the
Rockefeller agents in charity said.
Mr.. Rockefeller himself has au-
thorized the statement that his for
tune cannot exceed 5000, 900 600, and that
in his most prosperous year his in
come was not above 100000 600. His
holdings of Standard Oil stock are not
above 20 per cent of the total issue
outstanding"
on the other hand, the late II, II.
Rogers is quoted as having said, in
1905:
Il know for fact that Mr.. Rookie
feller's income will exceed $60,0OO,O00
next year"
The late Senator Hoar Of Massachu-
setts estimated the Rockefeller for
tune at 81 900, 000