The Daily Alaska empire., 1938-11-02
Philanthropy's Future
(New York Times)

Since the beginning of the century about $22O- O00 000 have been granted by philanthropic founda
 ions to 300 colleges the major portion to twenty or thirty These grants have in turn stimulated the giving of further $660000000 There be no ques- tion that the money has been well spent, largely because the trustees of the foundations have not been content with indiscrminate giving which would have only peipetuated long established practices in education but have insisted on raising the standards of teaching and demanding more of students The suspicion that this money was tainted and that would other purpose than that of incucat- ing the moral economic and religious beliefs of the robber of industry whose hearts had softened with the years, has given way to confidence in the motives and ideals of the foundations It is certainly significant that the needs of the times have been recognized: for and money is donated for the support of social and cultural ideas and ins- tutions that contribute to rapidly changing civi- zation
 But will the giving last? The old frontiers are gone and the signs plain that with population which will become stationary by 1858 and then decline, conservation of resources rather than exploitation will be the rule Though the future is dark and n- certain Ernest H Hollis of the College of the City of New York concludes in optimistic study of "Philanthropic Foundations and Higher Education , published by the Columbia University Press that als well with America and that philanthropists may be counted on to do their duty.
 Granting that the year 1887 was exceptional in that approximately 0OO then set aside for new foundations-the contributions of Andrew w. Mellon and Charles Hayden topping all others-Dr. Hollis finds that those who control the stable for tunes in aluminium, coal and other mining enter prises in the auomotive and food processing indus tries, and in the public utility, merchandising and banking fields beginning to follow the 1912-1914 example of the steel and oil magnates.
 The philanthropsts of the past made aluminium and automobiles opened mines and o-fieds devel- oped food processing methods generated and dis in mol banking and railroading On the whole the largest donations came from the creators of industries Whether multimillionaireS will continue to endow colleges ana universities and further the cause Of higher education would to depend on the ad- vance of science and technology. Since industrial research knows bounds Dr. Hollis is perhaps justi- fled in concluding that with increasingly large and diversified Sources of the foundations may do even more the second than in the first third of the twentieth century to promote the purposes of higher education"
 But what of rising income taxes, the heavy duties levied estates, the threat of inheritance taxes? The research departments of some universities are already patenting inventions and discoveries and
 using royalties to conduct research And lastly there was the ominous will of the late Jesse Straus, a generous giver in his lifetime. in which it was plainly stated that since large part of his fortune would be sacrificed in taxes it more than just that the Government should the burden of philanthropy Indeed there is evidence that the foundations themselves of a similar mind few of the largest may ultimately be liqui- dated and their functions taken over by the Gov ernment