£49,000,000 FOR PHILANTHROPY.
GREAT GIFTS BY AMERICAN , MILLIONAIRES. '. . America's philanthropic benefactions t° r 1?11, as compiled by the New York Herald, total £49,000,000, surpassing all records. Since 1901 the aggregate amount of money given for philanthropic purposes is £245,000,000. Mr Carnegie heads this year's list with £8,000,000, £5,000,000 going to the Carnegie Foundation, and £2,000,000 to the Carnegie Institute. He is the only well-known multi-millionaire, except Mr Rockefeller, who figures in the 1911 list. Mr Rockefeller V ranks seventh with £700,000,: The Morgan, Vanderbilt, Astor, and other equally prominent millionaire families gave nothing, so far as is publicly known. The most surprising fact in connection with these great gifts is the number of millionaire contributors who are hardly known outside their local residential districts. Th" second largest gift, amounting to £2,000,000, was bv J)r Samuel Balla, of Los Angeles, who immigrated here from Austria and in* lieritecl vast Austrian estates this year. The third largest benefactory is Mr ■I. A. Patten, the Chicago grain speculator.who gave £1,300,000 for a park W hospital for consUmptlaiu Mi' Pi
B. Bingham gave £1,000,000 for the foundation of a library! in Boston, and Mrs Mary Trotter, sister of the president of the Standard Oil Company of California, gave a like amount for a home for elderly gentlewomen. An unusual feature in this year's benefactions is the large number of women giving six-figure sums; Mrs Russell Sage is credited with gifts of £300,000. this year, and Mrs E. H. Harriman with £IOO,OOO. Mrs Julia Taylor, Mrs Emilie Mohr,- and Mrs . Mary Cooke, whose names are unknown to the average newspaper reader, each gave £200,000 to New York philanthropies. Mrs Whitelaw-Iteid; gave £120,000 to San Francisco hospitals. Miss Emma "Woerishoffer, a twenty-year-oldi New York girl, who was killed in a motorcar accident, bequeathed £150,000 to Bryn Mawh Women's College. _ The most fortunate American university is •Columbia of New York, which received £500<£)00 daring 1911. Harvard comes socond with £350,000 Princeton third with £340,000, and- fifty-two. other institutions of learning received an aggregate sum of £4,000,000.
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Bibliographic details
Mount Ida Chronicle, Volume XL, Issue XL, 1 March 1912, Page 4
Word Count
339£49,000,000 FOR PHILANTHROPY. Mount Ida Chronicle, Volume XL, Issue XL, 1 March 1912, Page 4
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