OCR Text |
Show Westminster Gains Esso Foundation Unrestricted Grant Westminster College of Salt Lake City was named recipient of a $2,000 unrestricted grant from the Esso Education Foundation Foun-dation of New York City, M. J. Rathbone, chairman of the Foundation, Foun-dation, made the announcement and stated that Westminster's gift is part of grants totaling $1,-900,000 $1,-900,000 for the 1961-62 academic year. The Foundation, established in 1955 by Standard Oil Co. of New Jersey, of which Mr. Rath-bone Rath-bone is president, is also aided! by five domestic affiliates of Jersey Standard, Humble Oil & Refining, Esso International and Esso Research and Engineering Co., Humble Pipe Line Co. and Jersey Production Research Co. Unrestricted grants continue to make up the largest single category in the Foundation's program. Commenting on the unrestricted grants, Mr. Rath-bone Rath-bone said that they "continue to be viewed as a highly desired and effective form of assistance. They are made in recognition of the fact that the institutions are in the best position to know how the funds they received can be used most advantageously." The $2,000 gift to Westminster is part of the $1,600,000 development develop-ment program which the college is now conducting. Under the direction of James E. Hogle, Westminster board member and chairman of the development commission, the campaign has progressed rapidly and is now at about 40 per cent with receipts re-ceipts totaling $611,398. He said that the response to the current effort on behalf of the college has been especially gratifying in that each pledge received has represented an individual decision deci-sion and endorsement of the Westminster purpose and goal. |