ZajednicÌŒar = Fraternalist. [volume] (Allegheny, Pa.) 1894-current, 1959-02-25

America And Executive Secretary OF The Croatan
Fraternal Union Scholarship Foundation, Inc,
February l, 1859, At Etna, Pennsylvania,
Lodge a. Scholarship Foundation Dinner.
At PRESENT STANDARDS and COSTS considering the
~ number of children it will my dear friend Thomas
Balaban his children at four years
of college
My friends hope that you readily that we
are talking here tonte pennies but in terms
thousands of dollars for the purpose of higher education
We here tonite to talk to you just about that i
Deane W. Malott President of Cornell University in
his October 1858 Report stated:
"As far as selection of entering classes concerned
the challenge two fold increasing financial aid to permit
larger proportion of the best qualified to enter and more
careful selection from among the large group who apply
not only terms of scholastic ability, but in terms OF mo-
tivation." -t
Even the sponsors of the Miss America Contest
recognized the fact that the cost of college ed
ucation has increased, and awarding S1OOOOOO
year college education instead of the previous
OOOO The actual and apparent costs of higher edu-
cation expected to double by 1870.
The New York Times in April of last year reported
Long Island Professor who bought ten years
his three children for $2 OOOOO The pro-
stated that this put him in debt twice. took his life
savings and brought him to the verge of selling his
cialist's library His subject: Economics.
bring these Illustrations to you my friends only for
of mpresng upon you the the
for continued maintenance of the program that has
been brought you the auspices of the Croaan Fra
ternal Union of America.
Delegates To 1855 Convention Made Wise Decision
What do about this problem?
The delegates the 1855 Quadrennial Convention of
the Croatan Fratena Union Of America represented all
walks of life and all districts of the United States and
Canada.
They recognized the necessity and instructed the Su
Board of Directors of the Croaan Fraterna Union
1vy +hoc of
for awarding of scholarships The Supreme Board of D
rectors met this request and Immediately started the Gro
attain Fraternal Union Scholarship Fund
/ Your Counsel extremely pleased to be named
to that Committee which made twenty grants of $4,000
each in 1856 and 1857 to worthy and needy students
This, my friends, the immediate and
predecessor the Croaian Fratenal Union Scholarship
Foundation Inc.
Late in 1856, the Executive Board discussed with your
Counsel the possibility of forming separate foundation
for this purpose foundation which would not be in conflict
with any Insurance Laws other Laws of the United
States It would operate this foundation separately and
was hoped at that time that tax free status could be OBJ
tanned under the 1854 Revised Internal Revenue Code
Furthermore the past history of the scholarship fund
showed that would be better to have nonparsan group
formed which would neither charge fees receive salaries
and would operate for the benefit of the members of the
Croatan Fraternal Union of America without prejudice
anybody.
Your Counsel took up this matter subsequently and in
March 1893 at the meeting OF the Supreme Board he
ceved the approval from the Supreme Board for the esab
lishment of the foundation it appears
In March 1883 the Supreme Board also set up a
scholarship fund and requested donations to the foun
daon Subsequent to that time, the various Honorary
Directors and hcorporators contacted and after
approval and the Qualification Of other matters, the
Charter Of the Croatian Fraternal Union Scholarship
Foundation, Inc granted June %, 1853 by the Al
legheny County, Pennsylvania, Common Pleas Court.
On August 8, 1858, the first meeting of the Directors
held and plans formulated to obtain Tax Exempt
Status and for the continuation of the foundations ac
vites. ~
Foundation Is Granted u. S. Tax Exempt Status
am happy to report that the United States Govern
men has honored request for Tax Free Status and
we have been granted Exemption under the pertinent
provisions Of the United States Internal Revenue Code
All of this was done with absolutely cost to the
Croatian Fraternal Union of America All time services
and money donated The Directors and yours truly
received salary compensation. The Bylaws of the
Foundation simple and have been published many
in our official organ, the 'Zajednicar".
Regular membership be obtained by the simple
expedent Of making donations of less than $4,000