The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1914-12-18
DISPOSITION or = IJNDS
REVIEWED IN REP RT
Made by General Education
Board Which Was Founded
by John D. Rockefeller.

NEW YORK, Dec. siS.-The Gem
eral Education Board. founded by
John d. Rockefeller. to promote ed
ucation within the United States,
without distinction OF race, sex or
creed" and now equipped with funds
for that purpose amounting to nearly
| 1874, 100000. will, on January i.
issue the first comprehensive report
covering its twelve years activity.
The first installment of that report,
now made public sets forth the man
ner in which the funds of the board
have been used.
The administration OF these funds
is in the hands of a board consisting
of Frederick T. Gates, chairman;
Walter n. Page, American ambassa-
dor In London; j. d. Rockefeller, Jr.,
Albert Shaw, editor Review OF Re
views; Wallace Buttrick, Starr J..
Murphy, Edwin A. Alderman. presi-
dent University OF Virginia; Hollis B.
Frissell, Harry Pratt Judson. presi-
dent University of Chicago; Charles
| w. Eliot, emeritus president Harvard
University; Andrew Carnegie, Edgar
IL. Marston, Wickliffe Rose, Jerome
D.. Greene, Arson Phelps Stokes, ABB
ent. president University OF Mime
sofa.
Up to June 80. 1914. the board has
appropriated directly S15,894,355.89.
Out OF funds held by the board ito
be applied to such specific objects
within the corporate purposes Of the
board" as Mr.. Rockefeller or Mr..
John d. Rockefeller, Jr.. might direct
the following gifts have been made:
(al To the University
of Chicago $3.50. $13, 1854 ,343.99
(b) To the Rookie
Teller Institute for
Medical Research. +. 10,267,022.10
(c) To the General
Education Board 1,239,S3O.3S.
$25,O61, 1851
Thus the total benefactions already
distributed to outside institutions
through the medium of the General
Education Board have amounted to,
sS9.715,72o.
According to the report, the first
permanent endowment, received June
80, 1905, and amounting to $10,00O,-
900, was expressly designed to furn-
ish an income ito be distributed to,
or used for the benefit of, such insti-
tutions of learning, at such times, in
such amounts, for such purposes, and
under such conditions, or employed in
such other ways as the board may
deem best adapted to promote COM
prehensive system of higher educa-
ton in the United States" The limi-
tations on the use Of this gift were
subsequently removed.
In February, 1907, further gift of
$32, 100000 was made, "one-third to
be added to the permanent endow-
.ment of the board; two-thirds to be
applied to such specific obpects with
in the corporate purpose of the
board as Mr.. Rockefeller or Mr.,
John D. Rockefeller, Jr., might direct,
"the remainder not so designated, at
the death of the survivor, to be added
to the permanent endowment Of the
board" This addition to endowment
was accompanied by no restriction
whatsoever as to the specific educa-
was to be devoted.
On July q, 1909, Mr.. Rockefeller
increased his benefactions by the gift
of an additional $10,00O,0OO, at the
same time authorizing and empower.
ing the board, in its discretion, to
distribute its entire principal or any
part thereof, and releasing the board
from the obligation to hold his gifts
in perpetuity. Besides the sums
above specified as contributed by Mr..
Rockefeller, the board received, April
II, 1905. the sum Of 100000 from
Miss Anna T. Jeanes for the assist
ance of the negro rural schools in the
South"
At the present time the boards re-
sources are valued at S33,939, 1859,
of which $50, 91S.063.SO is general
endowment and $3,021, 093.09 reserve
fun. The gross income from these
funds for the year 1894 was
| $2,417,07j.62. In addition the
Anna T. Jeanes Funn of 100000
yielded gross income of $9,231.64.
The boards appropriations up to
June 80, 1914, have been as follows:
Colleges and univer-
stiles ....... s1o,582, 5S2.s0
Medical schools -. 2,67O,S74.11
Negro colleges and
schools go. 80. 699,7S1.1a
Miscellaneous schools 159,991.02
Professors of second
airy education ~. 24e,ss1.os
Southern education
board y. s7.l2s.2s
Rural school agents
Cloth races) .... 1914 ,443.1S
Farm demonstration
work-South lin
clndinp hoys' and