New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-24
John D. Gives
$25,765,506 More
To Foundation
War Demands Had Depict
ed Funds--Dr. Vincent
Installed as President

The hundred million dollar principal
OF the Rockefeller Foundation hSs been
swelled to more than Sl25, 100000 by a
new gift from John d. Rockefeller.
Although securities 10 the amount OF
S25,765,506 were transferred to the
Foundation three months ago, an
nouncement was withheld until last
night, after the trustees at their May
meeting had made formal acceptance,
had installed DR.. George Edgar Vincent
as president, TO succeed John ID. Rocke-
feller, jr., and had voted to draw on
the enlarged principal TO the extent Of
SlO,OOO,OoO.
OF this ten millions, two millions
are to be turned into the permanent
endowment of the Rockefeller Insti-
tute for Medical Research. whose pres
ent resources have been taxed by war
time demands in the line of surgery
and serums.
Only two other benefactions to the
Foundation, and these of much smaller
dimensions, are nounced-s70.2 .290 to
cover the budget for 1918 of the
School of Hygiene and Public Health
of Johns Hopkins University, and $780,
900 toward a total expense of approx
mately 100000 for a mobile hospital
unit of the Italian plan. now being
erected by the Medical School of Yale
University for service in France.
To Help Red Cross
The Foundation will also be heavy
supporter of the American Red Cross,
in which, as reorganized, the trustees
express the highest confidence. No
specific sum will be named, however,
until announcement has been made OF
the new and comprehensive rehabilita-
tion scheme mapped out by the Red
Cross.
DR.. Charles w. Eliot's resignation
from the board of directors was ac-
cepted by the trustees. At the same
time three new members of the board
were installed Charles T.. Hughes,
Julius Rosenwald, the Chicago philan-
thropist, and DR.. Wallace Buttrick, of
New York.
Although he assumed Office as head
of the Foundation last Monday. DR.. Vim
cent will not have finally severed con-
nections with the University OF Min
nesota, of which he is president, until
after commencement.
IL was indicated by DR.. Vincent when
he met newspaper men in the Yale Club
last night that amounts beyond the
$4,000, 900 might be withdrawn from
the principal 20 supply the constantly
increasing demands on the Foundation.
War Depletes Funds
"It was necessary TO increase the
endowment of the Rockefeller Institute
for Medical Research" ne said, "since,
due to the special wartime demands,
the annual expenses had come gradu-
ally to exceed the income from endow-
ment. The money appropriated for the
Johns Hopkins School of Hygiene and
Public Health in Baltimore is for the
coming year, beginning July !.
"At this time il is hard TO get med
icsl men, because of the war demand
for their services. II is for that reason
that the opening Of the medical school
in Shanghai has had TO be postponed.
"The mobile hospital which the Yale
Medical School proposes TO send TO
FRANCE is a hundred-bed unit. Toward
AN expected initial expense OF Sloo,VVo
the Foundation gives $4,000, and the
Government is TO take over the burden
OF maintenance when the hospital goes
"with regard 70 the expenditure OF