Religion: Consecrated Finance

Philanthropy, no longer merely an expansion of good Samaritanism, now resembles an exact science. The famed Carnegie and Rockefeller Foundations apply the precision of the laboratory to the study of human welfare and what money can do to promote it.

Last week the general council of the Presbyterian Church in the U.S.A. approved plans for a Presbyterian Foundation, similar to the Rockefeller and Carnegie institutions, which will enable beneficent Presbyterians to entrust their money to a corps of philanthropic experts. If the plan is approved by the Presbyterian General Assembly, meeting...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!