The San Juan islander. [volume] (Friday Harbor, Wash.) 1898-1914, 1910-03-11
TODISPOSE OF HIS
MILLIONS
eockEFELLER FORTUNE TO BE
Distributed THROUGH A
FOUNDATION.
euI Before Congress to Establish
Foundation Similar to That organ
lied by Carnegie-Younger John y.
Will Assume Management OF Faith
er's Benefactions.

Sxeps were taken at washington
during the past week to incorporate
the Rockefeller foundation, in the Dis
trict of Columbia. The bill for this
purpose was introduced by Senator
Gallinger and was referred to the COM
mittee on judiciary. The purpose OF
the foundation is to provide for gen.
eral organization to conduct phllan-
thropic work on all lines. 1t is under
stood the foundation will be endowed
by John D. Rockefeller and that he
takes this means of disposing of a
large part of his wealth.
The incorporatOrs named in the bill
John D. Rockefeller, John D. Rookie
Teller, Jr., Frederick T. Gates, Starr
T. Murphy and Charles o. Keydt-are
authorized to select associates not to
exceed 25, and it is provided that there
shall not be at any time less than five.
The Rockefeller foundation, accord
ing to the bill, is organized to promote
the well-being and advance the civil
cation of the people of the United
States and its possessions in foreign
lands, and for the acquisition and dis
semination of knowledge; for the pre-
vention and relief of suffering and
promotion of any and all of the ele-
ments of human knowledge.
1t was stated by Senator Gallinger
that Mr.. Rockefeller had given away
$50, 100000 and that he was now seek
ing method of disposing of the bulk
of his fortune that would benefit man
kind.
Like Carnegie Foundation.
The foundation is organized on lines
similar to the Carnegie Foundation for
the Advancement of Teaching. AS in
the case of the latter institution, the
Rockefeller foundation will be author
lied to receive and dispense gifts of
money other than those obtained from
the original endowments, the amount
of which has not been fixed.
When asked regarding the bill, Sem
ator Gallinger said:
II am not authorized to speak for
Mr.. Rockefeller, but there is no doubt
but that Mr.. Rockefeller intends to
give away his money on a scale great
er than any other living man. 1 am
not acquainted with all of the details
of Mr.. Rockefeller's plan, but it is ex-
pected Washington, D. c., will be
headquarters"
Endowment Unknown.
New York, March 5.-Starr J. MUIR
ply, one of the incorporators named in
the Gallinger bill to establish the
Rockefeller foundation, said today that
he did not know what endowment the
foundation would have.
''The bill introduced at Washington.
D. c., today said Mr.. Murphy, lis in
tended to broaden the scope of Mr..
Rockefeller philanthropics and is al
most Identical in form with the act of
Congress of 1903, under which the
Rockefeller educational fund was au-
thorized. The new bill makes it pos
sible for Mr.. Rockefeller to go into
any form of philanthropy in the world.
whereas the first endowment was
specifically limited
Estimates of Mr.. Rockefellers past
benefactions and present fortune vary
greatly. 1t is conceded that in char
lty he has but one leader-Andrew
Carnegie-and the best opinion is that
Mr.. Rockefeller has given away some
thing approaching $131, 900 900, as
against $163,OO0,000 for Mr.. Carnegie.