Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-01-25
WORK OF FOUNDATION :,
EXPLAINED IN STATEMENT
Answers to Questions Asked by
United States Commission on In
dustrial Relations Made Public.
WILL TESTIFY
Major Part OF Activities Is Making
Contributions to Philanthropic
Agencies-Funds OF December 1 4,
1914, Stated as $1OB,03O,S17.

iONh, january 2f.-lhe
Rockefeller Foundation to-day made
public It's replies to questions asked by
the United States Commission on In
dustrial Relations us to the reasons for
the establishment OF the 100000 900
foundation. it's purposes and methods
of operation.
one OF the purposes of the inquiry
now being conducted IN this city by the
industrial commission Is the investiga-
ton of the Rockefeller and Sage
Foundations. The information given
out by the Rockefeller Foundation to-
day already has been forwarded to the
commission. In addition, John ID.
Rockefeller. Jr.. president of the foun-
dalton. Will be called before the COM
mission ms n witness.
The replies by the Rockefeller Foun-
dalton are divided into two parts, tho
first Of which Is signed by Mr. Rookie
Teller. Jr., as president. and by jerome
ID. Green, as secretary.
DISTINCT CREATION
WITH OWN FUNDS
Complying with the commissions re-
quest, the foundation has supplied the
commissioners with copies of the foun-
dation's charter. constitution and by
foundation stated that II was not n
consolidation OF pre-existinS orEan,-
zations. but n distinct creation with its
own funds
The total funds of tho foundation on
December !, 1914. are stated rs SlO3.-
o3o.Sl7. Its holdings OF stocks and
bonds are given In detail. The char
actcr of Its investments is controlled
by the finance committee composed OF
John ID. Rockefeller. Jr.. Starr j. Muir
ply and Jerome d. Greene. Appropria-
tions arc made by the board of direc-
tors or the executive committed The
amount of it's holdings is not limited
by its charter No part of the Drin-
cipal Is 10 he distributed except by
two-thirds vote OF all members.
One condition OF John D. Rookie
feller's gift OF 100000. 900. establish
Ing the foundation. was described as
stipulating that the sum OF $4,000. 600
OF it's income. or as much OF that sum
as he might designate. shall he applied
during his lifetime to such specific OBJ
jects within the corporate purposes OF
the foundation as he may direct
NO EXPECTATION
OF FURTHER FUNDS
The officers declare that they have
no expectation OF receiving any fur
Their FUNDS but that tho foundation is
entitled to receive gifts from any
source. The General Education Board.
they say. Is an independent CORPORA
tion with funds OF Its own, but Iump
sums have been appropriated for the
use OF the international Health Com
mission.
The major part Of the work OF the
foundation consists, II is stated in
making contributions to other philan-
thropic agencies.
Searching questions were asked by
the commission as TO tho reasons for
the appointment by the Rockefeller
Foundation OF William Lyon Mackenzie
King. of Ottawa, Ont. TO make a study
of Industrial relations. Replying to a
question whether Mr.. King was au-
thorlzed to go on with his plans even
IL his policy should be divergent from
that OF the directors, the foundation
asserted that the conduct Of the work
VIII be left in his hands. subject mere
~ to conference with officers of the
foundation and to Its control as to the
/ extent of expenditures.
DESCRIDES PURPOSE;
OF KINGS INQUIRY
On this subject the foundation de-
clared
1T cannot be too clearly understood
that the purpose OF this inquiry (Mr.
King's) Is not TO apportion blame in
present or past Misunderstanding nor
TO justify any particular point of view.
the sole purpose Is constructively helm
I full. In work conceived and under
taken In such spirit any question OF
divergent policies or Of partially in
the investigation can have no Mace
fnt nInt txn
work out sound and substantial i'm
provements in the relation of capital
and labor. 1t could hardly do anything
better calculated TO promote the well
being of mankind.' for which purpose
the foundation was created"
Mr.. King controls the field, scope and
methods OF his investigation, the
foundation asserts, and 1t has not re-
FUSED TO continue an appropriation for
any piece or work or investigation
which had been agreed upon
explaining why the Industrial rela-
lions diVision was created, tho founda-
ton stated: while the general sub
ject Of economic research was under
consideration tho industrial disturb
ances in Colorado impressed the presi-
dent OF the foundation with the great
need and public Importance Of finding
an eltecuVe means of preventing such
Conflicts md caused him to urge a
far-reaching study Of industrial rela
! lions rs the most important Immediate
! inquiry to which the foundation could
direct attention. In View of the mas
sion aroused In Colorado, and the many
divergent interests involved there, 1t
| was felt that the foundation itself
should not interfere in that situation.
but That II was of the utmost conse
Huence that the root causes OF that
and similar disturbances should ne aa-
certaincd. and. IL possible, removed. not
only In colorado. but elsewhere. The
Rockefeller Foundation Is. moreover. n
| large owner Of corporate securities, ond
in that capacity Is itself directly con.
cerned In maintaining harmonious rela
| lions between tho companies in which
1T is Interested and their employees. IT
was. therefore. felt that IL tho foun
dalton could work out, on a basis com
\ pattble with sound economies ,uh