Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1910-03-03
Rockefeller l!! . Processes Poi % 50 d
Form 4 Corporation
70 !. Help Him Il, dispose Of
Ms Surplus miHiens
Fos Good Of llanklnd.-.BH Intro.
duesd In Congress Wednesday.

oSihiS toii, MARCH steps were
taken today to incorporate the Rookie
Teller Foundation in the District of CO.
| lumbia. The bill for this purpose was
, introduced ty Senator Gallinger and
I, was referred 20 the committee on ju-
dietary. The purpose of the foundation
| is to provide for general organizatio
70 conduct philanthropic work along
all lines. 1t is understood that the
foundation viii! be endowed largely by
John ID. Rockefeller and that he takes
this means to dispose of large part of
! his enormous wealth.
The lncorpc:atorS named in the bill!
are John u. Rockefeller. John D.
Rockefeller. Jr., Fred T. Gates. Starr
j. Murphy and Charles o. Heydt
These incorporators are authorized to
| select associates not to exceed total
| Of % and it is provided that there shall
not be at any time fewer than I'VE.
The Rockefeller Foundation. accord
ms to the bill. is organized to promote
| The well being and advance the civili-
cation of the people Of the United
states and it's possessions in foreign
lands ana for the acquisition and dis
sc,nination of knowledge: for the pre-
vcntion ard relief of suffering and pro-
motion of any ard all of the elements
of human knowledge.
1t was stated today that Mr.. Rookie
Teller had already given away S52, 00O,-
900 and that he was seeking a method
Of disposing OF his fortune that would
benefit mankind. The foundation is Or
ganized on lines similar to the Carne-
gle Foundation for the Advancement of
Teaching. AS in the case of the latter
institution. the Rockefeller Foundation
will be authorized to receive and dis
pense gifts of money other than those
obtained from the original endowment,
the amount Of which has not been
fixed.
When asked regarding the bill Sen
ator C;allinger said:
Il am not authorized to speak for
Mr.. Rockefeller, but there is no doubt
that Mr.. Rockefeller intends to give
away his money on scale greater
than any other living man. 1 am not
acquainted with all of the details of
Mr.. Rockefeller's plan, but it is eX-
pected that Washington will be made
the headquarters"
The scope OF the Foundation is very
broad. although embraced in a very
short section of the bill. This section
reads: -
THAT the object Of the said corpora
| ton shall be to promote the well being
| and to advance the civilization of the
| peoples of the United States and it's
territories and possessions and of for
eisn lands in the acquisition and dis
semination of knowledge: in the pre-
veEtion and relief of suffering and in
the promotion Of any and all Of the
elements of human progress"
While drawn generally along the
lines of the act Incorporating the Car
ne2ie Foundation. it goes much farth-
| er. since the Carnegie Foundation is
designed chiefly to provide for scien-
tific retirement and pensioning Of SUI
perannuated teachers.
New York, March 1.-The move to
obtain a charter for the Rockefeller
Foundation is as far as the incorpora-
tors have gone in carrying out their
plans, which it was learned today, are
still n the, formative stage. Starr j.
Murphy, one Of the incorporators. said
that details concerning the operation
of the Rockefeller Foundation would
have TO be worked out and beyond OBJ
tanning a charter along the lines Of the
general education board nothing had
been definitely determined except that
the Foundation would embrace both
educational and pfilanthropic work.
- ....' -rt
Augusta. Ga. March John D.
Rockefeller. who returned to the city
from New York at 3 o'clock this after
noon. was shown The Associated Press
dispatch regarding the bin introduced
by Senator Gallinger. He smiled and
said
Just at this time, 1 don't care 10
have anything to say. will wait un-
til see what they arc going to do UP
sured it is not anything that will do
harm to anybody"