may 24, 1937 - Rockefeller Gifts Total $530,853,632
Description:
Mr. Rockefeller's benefactions from 1855 to 1934 totaled $530,853,632, of which the greater amount went to the four great foundations he established for the purpose of handling his charities. They were the Rockefeller Institute for Medical Research, the Rockefeller Foundation, the Laura Spelman Rockefeller Memorial, in memory of his wife, and the General Education Board. The University of Chicago was another large beneficiary.
Medical Schools Benefit
Among medical schools which have received appropriations from the General Education Board are Washington University, $2,345,000; Johns Hopkins, more than $2,200,000; University of Chicago, $2,000,000 (joint fund with Rockefeller Foundation 1916); Vanderbilt $4,000,000 (1919); Rochester, $5,000,000 (1920); Yale Medical School, $1,582,000; and the Meharry Medical College (for Negroes), Nashville, Tenn., $150,000 (1920).
The resources of the General Education Board for aiding medical education were greatly increased by Mr. Rockefeller in 1920, when he made a special gift of $20,000,000, both principal and interest to be expended in the United States during the next fifty years. The total the board received was $129,209,107.10.
Outside of the appropriations of the General Education Board, Mr. Rockefeller gave $34,708,375.28 to the University of Chicago, which he founded in 1892. Before giving the first $100,000 to establish this institution, he caused a careful survey to be made to discover the largest community, whose needs could be served by such a university. He refused to allow the university to be named after him, but continued his gifts for twenty years, when his final contribution brought the total up to the figure mentioned above.
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