£2,000,000 FOR POVERTY

Poverty Bay Herald, Volume XXXIV, Issue 10957, 27 April 1907, Page 7 (Supplement)

£2,000,000 FOR POVERTY

■:■"■ .--.J •'-.■'■>"-.- : '.^>si;iVSi ; K *iWHi.W i -;-..-^J!-«-i-^*-^£f '-■ HOW MRS RUSSELL SAGE'S FUND IS TO BE' USED. - ;i \7 ■ 7 NEW YORK;,March 13. ' "A" Bill for the incorporatiori as a chartered society Pti the "fund of £2,000,000 which Mrs Russell. Sage has decided to 1 devote :to the. study of the of poverty was introduced, to-day m the New York Senate. . In it Mrs Sage appoints^ seveniof the hekt-k'nown philanthropists of the 'United States, including her close personal friend, Miss Helen Gould, to assist her m the, administration of the fund. She explains that the investigation of the -causes Of adverse social conditions, such: as . ignorance, poverty, and vice, and the practical organisation of remedial measures all form part of the scope of the fund. Th© inooirie only, Mrs Sage declares, must be used for the charitable purposes of tbe fund, as the work is intended to be permanent ; but the trustees may make investments for social betterment which themselves will produce an income. The £2,000,000 is about 15 per cent, of the total fortune bequeathed to Mrs Sage by her husband. ;