$100,000,000

1920

Rockefeller Makes Largest Christmas Donation in History

NEW YORK, N. Y., Jan. 1. — With his Christmas donation of $100,000,000 to public purposes, John D. Rockefeller brought the total sum which he had given to social, religious, welfare and educational institutions up to approximately $500,000,000. The Yuletide gift was the largest single philanthropic endowment from an individual in the history of the world.

Half of the $100,000,000 goes to the general education board, itself a Rockefeller creation, to be disbursed, both principal and interest, in co-operating with institutions of higher learning in increasing the salaries of their teaching staffs.

The other $50,000,000 goes to the Rockefeller Foundation, chartered "to promote the well being of mankind thruout the world." Of this sum $5,000,000, in deference to a special request of the donor, is to be expended for the development and improvement of the leading medical schools of Canada, which are to be required to raise additional sums from other sources.

Mr. Rockefeller's benefactions to date may be tabulated as follows:

To the general education board $70,000,000
To the Rockefeller Foundation $82,000,000
To the Rockefeller Institute $10,000,000
The son's estimate in 1915 $250,000,000
Religious and other unannounced benefactions, estimated on excellent authority $88,000,000
Total $500,000,000