The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1910-12-21
E.ckefelIer Makes His Final Beauest
i the University Of Chicago and
Quits The In
stitution.
EvEN AWAY s130,ooo,OOo
Jpiysrsity is One Of the Richest in
the World and Will Expand
in FieIds OF
Learning.


iual gift of s10.000,U00 to the Uniyer-
sity Of Chicago, the total amount of
John d. Rockefeller's benefactions to
EDUCATIONAL institutions in the United
States reaches $13O,OO0,o00. Some #
his principal school gifts are:
General Education Board $4,000, 900
University of Chicago ..... 35,309, ,662
Rush Medical College -. 6,O00, 900
Rockefeller Institute for
Medical Research ....... 5000, ,0OU
Barnard College, New
York City .......,... 1876, 600
Southern Education Fund. l,l25,000
Union Theological Seminary l,lO0, 900
Harvard University ...... 100000
Yale University .......... 100000
Baptist Educational So
ciety OBSERVATION-DISCLOSURES. 100000
John d. Rockefeller gave the Uni
yersity of Chicago slO,OOO,00o and sew
cred his official relations with the in
stitution.
The benefaction completes an
amount which he has given to the
university since he founded 1t in 1889.
The school is to receive no further
support from the oil king.
Announcement of the gift and the
withdrawal of Mr.. Rockefeller from
any control of the university was
made By Martin A. Ryerson, presi-
dent of the Board Of Trustees, at the
seyenty-seventh convocation of the
University of Chicago today. Mr.. Ry-
efson's. statement, marking one of the
largest gifts in the history of educa-
ional philanthropy, resulted in dra-
matte demonstration by the students.
The donation consists of income
bearing securities .of the present
market value of s10,OO0,O00," set
aside from the funds of the General
Educational Board, Mr.. Rockefeller's
s5S,000.000 educational foundation.
The sum is to be delivered in ten
equal annual installments, beginning
January /, 1911.
BY the terms of the letter written
by Mr.. Rockefeller to President Jud-
son and the university trustees and
read by Mr.. Ryerson, the founder
withdraws from the Board of Trus-
tees his personal representatives.
Fred 7. Gates and John D. Rockefel-
elr, Jr. He mentions the gift as sin
gle and final" Further benefactions,
he states, are to be hoped for from
other sources
3 The Rockefeller letter was perhaps
the greatest surprise of the years in
which he has been associated with
the university. The founders great
gifts have caused astonishment of
sort, but have not been unexpected.
His withdrawal has never been consid-
cred possibility, and many of the
faculty members said they were amaz-
ed at the action.
The University of Chicago, as the
result of Mr.. Rockefeller's announce
ment, is free to use the s35, 100000
property as it desires. The institution
Is independent and one of the richest
Institutions of the world.
Expansion in various fields of learn
ing are to follow In the near future.
The $10,00O,000 according to Mr..
Rockefeller, is to be used, together
with money from other sources, for
an added building equipment or en-
dowment required by the departments
now existing at the university. 1t is
suggested that the trustees found
such new departments as are needed
with money given by other friends of
The school.
Mr.. Rockefeller has intimated his
desires IN regard to the investment
and uses of the fund in letter to
the trustees, who will follow his
in the matter. It is specified
that each installment is to bear in
come to the university only from the
date of delivery.