Bridgeton pioneer., 1914-01-15
BETTER CHARITY
fund SYSTEM
Cleveland Plan RGVOIutlOnizeS
Method Of Administration.
HELP WHERE IT is NEEDED.

Unification Scheme Designed to Guard
Against Possibility of PhiIanthropie.
Bequests OUTLYING Their Usefulness.
Provides For Conditions Which Giverss
Cannot Foresee.
Cleveland, o.. is to have a founda-
ton for philanthropie and charitable
purposes which is intended to group
together large number of bequests-
and donations of all sizes and to insure
the expenditure of their income where,
in the opinion of the trustees of the
fund, the money will do the most good
to the people of the city.
Under the plan as worked out a man
may leave his property in trust for
such individual benefciaries as he may
name during their lives, the income on
their death to be expended by the trus-
tees of the foundation for such philan--
thropic work as in their opinion seems
most deserving at the time.
On the other hand. if he wishes to.
do so the donor may indicate the phil
anthropic purpose for which he de-
sires the money to be used, and it Will
be used for this purpose until. in the
opinion of the trustees. the need for
the money in this direction is no longer7
felt
The Aims Described.
When this occurs the trustees will
have the power to turn the income
back into the general fund and to ex-
pend it as they believe will most bene-
fit the city and its inhabitants
Frederick III. Golf originated the plan.
He worked over it for two months with
various men and women of Cleveland
interested in philanthropic undertak-
ings
"The plan as it has been worked
out" says Mr.. Golf. provides for
sort of community trust to be known
as the Cleveland foundation. The
Cleveland Trust company is to act as
trustee, and the trust properties are to
be controlled and managed by the COM
pany. The income of the foundation.
when available, is to be disbursed by a
committee of FIVE trustees.
"The committee is to have absolute
control of the disposition of the income
of the fund. The members of the CON-
mittee are to hold Office for five years.,
one member being elected every year.
THE committee will serve without
comnensat ton. There will be a paid
secretary to be appointed by the trus-
tees
will icy,
in the Cleveland newspapers a state
ment of all the donations. the income
received by the trustees in the preced-
ing year and the disbursements. The
accounts will be audited annually by
public accountants, and visitorial pow
ers will be given to the attorney gen.
eral of the state and to the law officer
of the city-the corporation counsel.
ut is intended that the philanthropic
purpose of the foundation shall be-
broad enough to include scientific re-
search, the prevention of disease and
OF poverty. educational and hospital
purposes, Fairgrounds. recreation CEN
ters and any other purpose which In
the opinion of the trustees will most
benefit the inhabitants Of the city.
Funds That Cutlive Usefulness. I
Under the present system of be-
quests for such purposes it not infre-
quently happens that by the time the
money is available for the charitable
use designated by the testator the need
Tor it has passed.
There are many funds in existence
which are tied up by a provision that.
they be used for a specific purposes
which have long ago outlived their use
fulness because the need which existed,
when the testator made the bequesf
has been outgrown. We have such
funds today in Cleveland and in 9TH
er parts of the country.
AN extreme example is the English
fund established many years ago for
buying spinning wheels for the girls OF
England Spinning wheels have given
way to machinery. but the funds pur-
pose is in black and white. ST. Louis
has large fund the founder of which
prescribed that its income should be
used to assist the pioneers who were
travelling overland from the east to
settle in the great west. 1t was a
worthy cause in those days. but the
fund. has outlived the need to supply
which it was created"
Mr. Golf said that $5.O00.O00 in be-
quests. subject to life incomes for heirs
at law, already had been promised to-
the foundation.