New-York tribune., 1922-06-07
George f. Baker
Gives S5OO,OOO
To Y.Hospital
Financier's Donation, Just
Announced. Follows That
of 81 0,000 To the Met
ropoliian Ari Museum
Form Endowment Fund
With Million Already Pre-.
sented. $3.50. .000Memorial
To Donor Will BE Founded

George ?. Baker. Who gave 81 900 600
20 the Metropolitan Museum Of Art a
few days ago and recently has made
large gifts 20 other institutions, has
given the Society Of the New York Hos
p.tal $500 600 In Liberty bonds, Il was
announced yesterday by Edward ".
Sheldon. president of the board Of gov
ernors Of the society.
Mr. Baker who BE- chairman Of the
board Of directors NJ the First National
Bank. recently made gifts Of sis50.ooo
20 Cornell University ami 100000 20
Columbia University Among his other
large gifts is $1,000 00o which he gave
10 The American Red Gross during The
war.
ne gave sa5ooo0 70 'hr Society %
the New York Hospital IN 1912 and
his latest gift is ~ be- added 20 that
20 form the George + Baker tndow-
ment Fund Mr. Baker has been a
member OF the board OF governors Of
the society since 1890. He sailed Tor
Europe last week.
His fellow members on the board Of
governors adopted tho following reso-
luton AZ meeting held yesterday:
The governors of the Society OF tne
New York Hospital are profoundly
grateful 10 George r. Baker for the
munihcent gift made by him for tho
purposes mentioned I'm his letter Of
May 20. 1922 This is the second time
that hc has given tho institution most
liberal and stimulating aid. To carry
out his wish. expressed m that let
ter ~ was thercupon unanimously
Resolved. That the Society Of tho
Scw York Hospital gratefully accepts
Mr George r. Bakers gift Of i've mum
drcd thousand dollars of United states
Victory Loan 34 per cent notes 70
constitute part of It's endowment
/ furd. the income 90 be used Tor me
corporate purposes ~ tho society, ana
/ h. was further unanimously
Resolved. That as permanent
memorial o. Mr. Bakers able and valu-
able services as governor Of the So
I ciety since 1899. this gift be donomi-
mated the George r Baker Endowment
Fund. and that there be transferred
/ 10 ID the $3.50 900 given bv Nr. Baker
"a the society. without restriction, in
] 1912. and as AT present invested, %
/ constitute q single fund Of s750,0O0, %
be- held upon the terms specified m
/ Nr. Bakers letter Of May %, 1872
Mr Sheldon said that all branches OF
The society have been operated az a
loss during the past ten years. the net
loss ranging between $4,000 and Xs0,-
600 pcr annum Prior 20 that time the
hosritaNs receipts were sufficient 20
meet an expenses because Of the I'M
come from endowment funds created
wears ago. Campbell Cottages. where
children from the wards Of New York
Hospital and other local institution
arc taken after operations and where
malnutrition cases are cared for, Is
free and causes a net loss OF approx
matelv $4,000 a year.
This most generous aid said Mr
Sheldon in commenting upon Mr.
Bakers gift, " has special value be-
cause OF Mr. Bakers long association
I with the hospital as ono Of It's COVER
nors and as a member Of its finance
committee He was elected governor
/ In 1899 and has since served the insti-
tuition most ably and dcyotcdiy. lt Is
/ the second time that he has come 20 the
aid of the Society in n prncely way,
having given 10 in 1912 the sum %
F s.5o.000 without restriction as 20 rs
use