Education: Fosdick's First

The estate estimated at $200,000,000 to $300,000,000 which Andrew William Mellon left last week in his educational and charitable trust (see p. 12) may become the world's greatest philanthropic enterprise, but until it gets under way the greatest will continue to be the Rockefeller Foundation. According to the latest balance sheet, made public last week in the Foundation's annual report for 1936, it had assets of $185,000,000 of which $151,459,000 has still been unappropriated.

In 1913, the Rockefeller Foundation was established "to promote the well-being of mankind throughout the world." In 1936, the Foundation...

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