Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-01-15
New Theory in Philanthropy
Is Credited to Rosenwald

Death Of Julius Rosenwald, Chicago
business leader and great philanthropist.
arouseS special interest in his unique
theory that the dead hand" should be
banished from the world of philan-
thropv and that in gifts to education
and charity both principal and interest
should be spent within less than a life
time. His benefactions are estimated
at more than $4,000, 900, distributed"
as the Chicago Daily News says, with
infinite care"
Quitting Mr. Rosenwald as having
stated that charity is the one pleasure
that never wears out" the Cleveland
News pays the tribute that he "prac-
ticed what he preached" That paper
says of his death that it means the
passing OF lone of the greatest philan-
thropiStS of modern times" who did
much to impress upon the world the
satisfaction to be gained by rendering
an accounting of the stewardship of
great riches" The Miami Daily News
attests that he built lasting monuments
to himself in the hearts Of millions of
less fortunate people and revealed the
stature of true nobleman in universal
human society"
He was man among men. this mer-
chant prince. who was also the prince
OF philanthropiStS," says the Houston
Chronicle, while the Cincinnati Times
Star sees him as typical of Americas
business genius at its best" The Sioux
Falls Daily Argus-Leader is impressed
by the fact that so extensive was his
charitable work that he was better
known as a philanthropist than as the
head of business" and that Ibis ideals
were such that he made his millions
helpful factor in American life" The
Oklahoma City Oklahoman feels that
this great vacancy now created in the
world of philanthropy will remain
vacancy for many years"
His gifts went far and wide, but
particularly to the drearier places and
the less fortunate people of his own
and other lands, observes the Atlanta
Journal, with the conclusion that
wherever great-heartednesS and high
mindednesS are reVered his memory
will be cherished"
The chief pleasure he derived from
a long and busy life" states the Fort
Wayne News-Sentinel, lis to be found
in the julius Rosenwald Foundation for
the 'wellbeing of mankind Out of
this fund OF $35, 100000 went vast sums
for the help of the American Negro, In
whom Rosenwald had been interested
for more than score Of years; and
also large contributions to funds for
the construction of Y. M. C. A. and
Y. w. c. A. buildings. Julius Rosen-
valid will be recorded, like Abou Ben
Adhem, high in the lists of those who
loved their fellow men. An example of
energy intensive application to large
undertakings, constructive organization
he will be known even more immor-
tally as one who shared his rewards
generously with the less fortunate
Finding special interest in the prov1-
sion that Mr.. Rosenwalds endowments
must be fully spent 25 years after his
death" the Roanoke Times adds that
cit Is gratifying to note that his ideals
will be carried on and his work per-
petuated by his children, who met a
short time before his death and formed
the RoSenwald Family Association
The Columbia Is. c. State pays the
tribute that he cleft his name to be
craven on human hearts alone" and
declares further: "In Julius Rosen-
| valid there was greatness of heart,
humanity that uplifts him for all time.
one of the remarkable things about this
man, particularly in this era OF SELL
| exploitation, was the modesty and even
shyness of his spirit He he ped tens
of thousands of persons that needed
bodily or spiritual help, but he would
allow none of these to exalt him. He
endowed libraries and schools, but al
WAYS insisted that these were not to
figure as monuments to their creator or
endower."
"Such men do not appear In every
community or in every generation" at
tests the Chicago Daily News, advising
that this community and this genera