Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-02-21
The article says: ...-.
THE CLEVELAND FOUNDATION.


An interesting plan, suggestive to
many a community. has just been put
forth for the city of Cleveland by Mr..
Frederick III. Goff. president of, the
Cleveland Trust Company. Mr.. Golf
has long been seeking to find way
in which the trust companies of the
country may be helpful in gathering
up and in making useful what he
calls ''the wealth that often goes to
waste" zee..s<. a. XII. .
| A man of very large means-a
Rockefeller, an Altman--crcates a
private Foundation" TO administer a
part of his surplus funds for the bene-
fit of mankind. Nov, persons of
more limited means are often quite
as anxiocs rs Mr.. Rockefeller can
be, or as was Mr. Altman, to better
the world by wise use CT wealth,
whether small or great. ...
In order to De wisely used, the
funds remaining after a family dis.
tribution from the estate of those who
are not multi-millionaires OF million
aires at all may not be worth the ex-
pense OF privately owned "founda-
ttion" with its. self-pefpetuating board
Of trustees. Instead, this surplus
often goes, tecueathed by generous
but not always sar.sighted persons, to
sone particular charitable or educa-
tional Institution or institutions
which, however worthy now, may not
remain So To insure deficient per.
patuation intelligent 5estacors know
that they should not build upon.possi-
bly, crumbling foundations or upon
the possibly poor vision of advisers,
who think that they can read the fu-
ture -
) What would satisfy those. who
would make eli surplusnwealth intelli-
gently fruitful to the community, no
matter how small tl1ez Ac.
1 cprding to his justsppbIishsd plan, Mr..
isomet hing ike this corporate
trust plus sensitive civic con-
science" HIS trust would assist
charitable and educational institu-
iuions, whether supported by private
donations or by public taxation;
would promote scientific and other
educational research; would care for
the sick, aged, or helpless; would i'm
prove conditions of living, and espe-
cialiy would provide recreation for all
classes: and, finally, would exist for
such other charitable purposes as
best make for the physical, mental
and moral improvement of the peo-
lple, regardless of race, color, or creed.
How is such trust to be admins
tered? Mr.. COTS plan for Cleveland
J is as follows: ~ -.
A board of trustees of five mem
bers ~ ILL.,. ..
Two &c be elected by the directors
of the Cleveland Trust Company
- One 90 be chosen by the mayor.
One to be chosen by the presiding
judge of the court having jurisdiction
of the settlement of estates in Cuya-
hoga county Gin which the city of
Cleveland is situated1 49,.
One to be chosen by the presiding
judge of the United States district
court for the northern district of
Ohio.
All the members must be residents
Of Cleveland. They may be men or
women They must be interested in,
welfare work They must possess a
knowledge of the physical, education
al, civic. and moral needs of the com
munity 0ffeeholders are barred
] from service. Not more than two
trustees may belong to any one re-
ligicus denomination. Thorough pro
/ visions are made for publicity in the
administration of the trust, and for
investigation and action, should any
ever be required, by the proper pub
lie authority.
Thus is provided a means by which
generously disposed Clevelanders' may
be assured that the residuum of their
estates will go to the community's
betterment. Such a plan appeals to
the head of the community of Cleve-
land. Its mayor, the Honorable New
ton d. Baker. writing to Mr.. Golf.
says: e.....-
! The central thought in this great
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