OCR Text |
Show ! Foundations: Where The Money Comes From I if f -- J the xs Qim man m:-o- stockbroker, tne more money some Jundations give away, the more they jjod Seem to have. I Ti.e Rockefeller Foundation began in on a $3million shoestring, picked $245.7 million from the family another yp aid during the next half century or so 13 ie away d $) w fg wh.-tl- f. The computer n y has '!- cop oil t..e drawing board and lead, to join polue departments across ti.e louruiy . . . without the civil du-tr- ls Yet even that's not enough. Along the V.ay, die family decided a single founda-- j ft ion was inadequate to its needs, and tin 1940 the five grandsons of the original t llohn D. formed an entirely new one i'jThe Rockefeller Brothers Fund. a! t ! seiviie favorite of our- -. Cluef Dewey Fillis, keeps abreast and informed on all the late-- t in police equipment So our valley undoubtedly will be arnorg the first to te--- V. K. Kellogg Foundation (mote than $400 million!. Cormtokes money contributed by the founder who took a dim view of too much theorv, stipulated 1 for grants application of knowledge . . . Has been verv active lately in Latin America. t Pew Memorial Tni't (more than $400 million). Relatively new (founded m 1957) and like its (Sun) oilman donor, highly conservative . . Chief giants In fields of education, religion and medicine. Charles Stewart Mott Foundation 4 3 - jv (more than $W0 million). A family foundation still run in large part by the Mot's -(auto and sugar money) . . . Grants go r; mainly to education and to the Flint, Mich., area. Cameg.e Corporation of New York (more than $300 million). The old steel money Is now highly diversified in this The five Rockefeller broihers (left to right): David, Wtnthrop, John D, II!, Nelson end Laurance. prestigius foundation . . . Still most active in education, but moving into urban 25 within and principal be expended beginning of the foundations system, in paths of virtue. affairs. In death. of 194S, the of time my years 1F00. At that time, the Magdalen Society The apparent petmanence of the modAlfred P. Sloan Foundation (more 16 years after Rosenwald death, the was set up in Philadelphia by a group of em foundation is also a recent develop$200 million). Another highly rethan was gone. concerned money businessmen inspired by a ment. In 1917, Julius Rosenwald set aside long known for medila-spected It was the t of the disappearing $10 million in Sears, Roebuck stock to clergy. and engineering, but now research cal newof The foundations. breed of to large Negroes and Magdalen's purpose: To ameliorate further the education also concentrating on the social sciences. likes to see his beneficent do it with all reasonable dispatch. the distressed condition of those unhappy him. income both survive hr sMrani'-.arfemales who have been seduced from tne Indeed, he directed that a ' It's all done under the not very scie.i-- . ific principle that lots of money attracts h lots more money. Take, for example, the si ase of Arthur J. Anderson, a cabinet- maker by trade, who died in Tucson, i Ariz. He left his $69 000 estate to the Rockefeller Foundation. fuvor key punch over Keystone cop- -. t fir.--t. the computer cops will take over in the traffic department. This may be helpful. The metermaids could become opera tom get em off the street- -' Companies building these canned cops say that the most important work in the beginning will be the computer's ability to remember tilings . . . become memory banks. That could be an improvement. Theies more than one cop on the department who can't remember where he steals his apples! The computers wall keep information on stolen cars and license plates. They will also keep track of stolen property, missing persons, and wanted fugitives. Tiie computers will speed up the work of the cop in the prowl car pa-oiling the highways. If the police ofticer slot)- - an automobile tor se- and new gifts play a part in the steady growth of Rockefeller and other foundations as well. Indeed, each of the 10 richest foundations, after giving away a total of more than $1 billion, is now richer than when it was founded. What's moie, not only the original money, but the original stock has in most rases changed complexion. Rockefeller has diversified from oil. The Ford Foundation kitty is now composed of only about 20 per cent Ford stock and even includes some shares in General Motors. It is all a long way from the modest a k ... card-punc- e Mr. Anderson. according to the Rockefeller annual report, is not known to base had any communication with the Foundation. Of course, capital gains Its coming . . . computerized police , department- -. a Badge 479 may be Sait Lake Citvs fne.--t now but m years to come he mig.it be a blue computer with a built-- Among the other lop found icons ef which will be with us for the foreseeable future are : -- Duke Endouuent e.roie than million!. Founded on money from tobacco tycoon Jame Duke . . . Large grants and to luke University and to schools in North and South Carolina $569 tr j Next !n S.L. tion hand. million. This is the sort jh' petformance that would land a profit-- ; J'.dkir.g organization m batJcruptcy court worse. But somehow, Rockefeller has come out of it with estimated at $900 million. i jmiis Computer Cops Are 1 ! l j9 5, 1969 t.' 7 ; j J , Wednesdoy, November Some lourdat.on survive sin p.v by fo:e of change. Tr.e Bem.ee P B p now worth h the i.eigl nor- Estae. a . IlOOU Vl uiiuiuu, .3 u j.w.ii.ucui of Hawaiample. Originally 11 consu-teian real entire left by Princes Pauai a descendant of the island king1 The intere-- t had been earmarked for two name school. but the luge grow in in the islands population and in tourism so enlarged the principal that t e foundation now- - supports a broad educational program throughout the islands. It a!-- o allows its five trustees annu.-- l salaries of makslightly mere than $50,000 each foundaing them the worlds highest-pai- r 117'" NEWS DESERET y t: r, rous inlraction of the rules Tax Reform Bill Bears Sen. Bennetts Stamp OUR MAN IN WASHINGTON By GORDON ELIOT WHITE Deseiet News Washington Correspondent WASHINGTON Much of the legislative process in Congress is closely related to public relations. Most bills are introduced to give the heme folks at least an illusion of action on their concerns, and some that get not are passed much more significant on a national scale. But Congress is earning this its year Utahs Senator Wallace F. Bennett has been the chief Republican architect lof the tax b'U in the Senate Finance Committee. Moving from relative obscu-Hnt- y as a fiscal expert of the minority, I, Sen. Bennett has become the money T manager at the capito! for the Nixon Ad- ministration in a period when taxes, . inflation, interest rates, the balance of j payments and our gold supply, and the j silver content in U.S. coins have become everyday concerns. Wallace Bennett is not vet the senior Republican on the taxvvriting Finance H Committee, but he is Sen, John Williams, to who has foundations. Senate committee that took the real pressure on the bill, because it had been rushed through the House in fashion that the norsuch helter-skeltmally careful Wilbur MilLs was found rewriting tax tables during lunch on the day the bill came up for floor debate, whre no amendments were to be perbillion-dolla- r It was the saw-give- the i 1 i 5 I f I ! f BoMioi Ballet in San 1rancisco. i And so speech-jes- s was the audience with admiration for the exhilarating performance that When when the encore was played three The Saints Come Marching In frf the instrumentalists came down into I'i hall and half the audience followed hem up and down the aisles with an Accompanying applause that would have covered every decibel of a Bingham j Copper I I Mine blast SI m sure that if anyore would have 1 Ijggested it. the ".Saints in Kingsbuty t Jlall would have set out for Boise jii't to I ) e there when the niJB gives its con-- . iert there Thursday. This demonstration as long as those pa-- s , lasted seemingly lades in national political convention. Bad It continued If would have taken this first tune right back to its source Jhrough Swing Lo, Sweet Chariot to the original: Nearer, My God, to Thee. 1 411 three have the same me'ody and Jannomc progi cs'.or; ; only the beat and Impo h ne been altered ' d The House Ways and Means Committee had held a month of public hearings, but on the subject of taxes, not on any bill. Much of the time was taken with pro forma statements by groups that had no idea of what the committee planned. Testimony was general, exhorting tne committee to do this or that. No one could offer a technical analysis since no bill existed at the time of the public hearings. Ways and Means, piessed to action by- lower-orack- chance. More than 400 amendments were voted on by tiie committee when it met in executive session so closely restricted that senatorial aides were excluded and only tne top committee staff men and a handful of treasury experts were permitted. AH of the individual votes were secret. to remove the temptation for politiand cal speech-makin- Many of the amendments were largely technical. Utah fared well, with oil shale, lake water minerals, and other still unrealized resources of the state given modest depletion benefits. Though the tax bill is no ones private project, it bears the stamp of Wallace Bennett through a hundred technical amendments that no one but a tax lawyer vv ill ever read, tut which represent an earnest attempt at an equitable tax lan and & balance of competing interests. YO UR HEALTH Was There? MUSICAL WHIRL years of age and one that could so electrify an audience that its erthusiasm has no equal in memory. If the uninitiated had known what a gold mine of excitement was in store, surely there wouldn't oven have been st.. nduig room As it was. at least half the sent' were vacant. e nt arourd. Next to the performance itself, the at most significant fact of the concert was how' least to this department many high school and college students were there. This was one occasion when the generation gap was completely nonexistent. Both the youth and their parents, and even a (e.v of their grandparents, had the time of their lives. of the PHJB include Bilhe Goodson Pierce, who played an of upright that had to be rented because Croix La DeDe Joseph her request; Pierce, blind trumpet player who is the principal vocalist and alternates between Negro dialect of Louisiana and French. He is the husband of the fantastic piano player. e "Rig J.m Roli'ii'di. tioniboni't: ilarmet. ard Jo'iah Humphrey, FidZier. The'? tl ree ."e he-- t (be Vil-li- : s "grp. t - me A1 i.i n J liie, tne only i un Negio. founder of Pieseiv.ttion I la 11 n New Oilcans, and he piuvs a tracking tuba, and, apparently, serves as tour manager. He also directed the sale of of albums sold over the footlights during the long intermission. Not only do they play with such easy going assurance and authority, but also they shade everything they play vv ith the unerring feeling for its constantly slutting subleiios. Tne eniiie piOgiam was sUih a memorable performance that for years one will say boastfully whenever I was there! the comert Is mentioned, t niO't pci solicit on evoiv-ons lips was. "When die tnev turning back?" If the word siuead. the PHJB ought to fill the Salt Palace the next time The mombers et economv. - 7 d s, mitted. lap only p o s sible would exception te ovations I House-passe- er By HAROLD LUNDSTROM Deseret News Music Critic The PreservaTHE SOLID BEAT Band (PHJB) received the 'most overwhelming ovation in Kingsbury In the Senate committee two months later the situation was rather different. The average taxpayer had subsided while those who were about to be reformed had marshalled their forces. tax on municipal bond The income had all but destroyed the borrowing power of the states and local gover-n.entand big charity saw its funds drying up. The 60 days of hearings and committee consideration were tiie most in the memory of tiie intensely-lobbiecommittee staff. Public opinion demanded tax reform, i.e., raising taxes for the rich and lowertaxpayers; ing them for including hospitals, recharity groups ligious organizations, and colleges; municipalities. real estate inteiests, and the foundations all fought for their tax benefits and all the while the Treasury insisted that overall revenue not be badly hurt lest a deficit result, thereby ci eaton the ing more inflationary procure them all. and drastically restrict the Can You Boast tion Hall Jazz hair-raise- long-favor- powers of ,1 money with the massive tax reform bill, the first complete overhaul of the intricate Internal Revenue Code in 40 years. 11 mail from individuals heavy who had recently suffered the annual r of April 15 trauma, wrote a the bill that so of some it reform, tangled was tagged The Lawyers and Accountants Employment Act. On the floor the bill was approved without possibility of amendment. announced he will retire next year, and in his unspectacular way, Sen. Bennett handled the major part of the workload for 4he treasury' on the tax bill. H.B. 13270 takes 3G8 pages to spell out just how the federal income tax law should be brought up to date. In thoe pages Congress is about to chop away tax havens, nibble at some the biggest loophole of oil depletion Ti.e House Imd cut individual taxes by $7.3 billion and raised corporate taxes S4.9 billion, thus leaving a $2.4 billion gap. Overall the committee could not cut taxes moie. The Treausry insisted oil some increase, which the committee reluctantly agreed to although income estimates are not yet complete. An amendment proposed bv Ben. Albert Goie, to raise personal exemptions to $1,000. for instance, would have cost ti.e treasury $13 billion, so it never had a Li'-ifie- d .i A Healthy Baby For 40-Year-Ol- Dear Dr. Thosteson: Can a woman 40 years old expect to give birth to a healtly baby I have been told that a i barge - of - hfe baby otieu i no' Is this N B true ' ti ua Evetv h u 3 evaei t to woni.ii. at ary age have a i.r.utl.y baby in tne ab'eme o? any known tailors that would p'event it. -- wet No i; MERRY-GO-ROUN- D Demo Convention ' ri'ks '9 r d C cc oa Hew to C'arrp Toe answer rray be rrp-'Ante to Dr. Twesco m care o ttw () P C Bex ',75' Ss 1 of too. Lae C ty Utah M 0 for a cocy - Foct Pans How To Step L?fi Crartos e ve epe cks rg a toco, se f acdreS'd. d cr-t- s m coo to cover cos at pnrtnq frand ng apart But with the computer, it can relay the information bark in just seconds. Even if the computer has to cheek with a ; sister computer up at the state headquarters, the information is available in less TV Coverage Was 'One-Side- d' tnan a minute. But the really biz thing will be the na- tional hookup. Computers doing duty at the National Crime Information Center in Ey JACK ANDERSON House WASHINGTON Washington. D C. (District of Computers) nil be loaded with information. For instance, some tourists driving through Utah to Disneyland will be slopped for some infraction. The driver may tell the trooper that he and his two masked companions are stopping off to visit Pioneer Village or tiie big monument up the hill from Hogles. But a quick check with Washington on the plates will disclose whether the plates or the car are hot or the occupants are known bank robbers or otiier dangerous However. I've just completed a two- year hot war with a computer that toils for a big department store chain with stores in our valley. I had never purchased anything from the store. I didnt even have one of its credit cards. But somewhere along the v.ay. the eompuier had been fed a line that I had bought oodles of goodies . . . stretch girdles . . . bongo lo'- sons an Easel transmission . . . necessary tilings to the tune of $196. My threatening letters fell on deaf ears of the computer. We finally had to take the family lawyers out of mothballs to beat the crazy case. Thats what worries me. With the luck some of us losers hav e . . . a slight traf- fic violation and bango, the electric mve-tiga-to- is, after an exhaustive review of the TY coverage of last years Demoeiatic have concluded that the convention, TV networks teemed hostile to the Democratic Party and that cautious the legislation is needed to prohibit falsification of purportedly bona fide news events. In a confidential, report to House Commerce Committee, counsel Daniel Manelli and chief invp'-tigatJames Kelly charge that the TV coverage a seems to present d picture which in large measure exonerates the demonstrators and protestors. Acknowledging tnat their judgments and that some conare subjective evidence is available, the staff trary v suggests that the network' had sought out to interview tho'-vv.th known b.ased feelings aguu-- t i ic conduct of the convention and the city had deliberately and government withheld ftom the air film and video tape material w'hich would have been derogatory to the demonstrators. tl e one-side- dehii-eratel- nve-vva- y CBS Reel 20-for example, showed the beginning of the conflict between the police and hippies. One of the announcers declares; They are a'sau!t-m- g police lines. Wien the material was presented the air, reports the House sleuths, no reference was made to the above quoted remark, nor was any scene of such an assault visible. Shots of material raining down from the Hilton Hotel onto the heads of the police and news camera crews was aLo available but not broadcast. T e Mier b t! e ve.'tigatur' 11 aSo noted ,, ' . ' - chair! Wit's End It helps to be a speed reader, because by the time you read this, the government has only spent $55,000 instead of $110,000! iiiiiiiiiiiiiiiiiiiiimiii:HiiiiiiiiiiiiiiiMiiHiiii!iiHiiiiHi!iiiiiimiiii!Mm hxit-ng- e i..is bemg stoned rg den oi.'tratoi' with tne pol.ee police pursuing and capturing at least one of the stone throwers. In at least one scene, the police were shown in pursuit. but the provocation was omitted from the air. In CBS Reel NCC94, the demonstrators begin cr, anting at Democratic delegates returning mom the convention. The A CES commentator reports: an American flag upside crowd ha Gown, the signal of distress at sea. Most of tie delegate' are stunned by the si ere . . ti Then a voice i' heard giving in-s- by Brickman the small society uctior.' we Ai A ckf Lar.ilcgc: AMP fxc'ii EZFLfiMToMY , I'M ENpIAlM WHAT i 1 i nt W a tries a eia. tec; ear, ai &e-- ? Vo I KVoW? Not HaM&YsT Oth-ri.W'- p dont start e" er iim nun vrh I rtA Stand by for trouble. : 'trr !arnag'l Tre pare-:l- Ho.vs 2? S96 head a g'nurg st a vonrr.'- - voce is :e.rrg to t o That's not real, that's not real. "There have been a number of allegations," adds the confidential report, that demonstrators proviced themselves with bandages for the benefit of the cameras so as to give the impression that widespread injuries had been m" u ted by the puce " T e ren mv T. " '..if gi.h., mi Lat wouJ piohir' on 'lat, leg fii.U'is events wat.out the fabrication of r.C mfiirgir.g upon press treeeom. , ! ... over 0 of a defective greater than for younger mothers, but this is a matter of percentages and averages. The ma jonty of babies born to older mothers still are healthy. At 40 or older, he baby are somewhat 1 One wonders whether t. e University .sts and Speakers Comm 'tee e, ported to pre.-ean ensemble m which five bf the six members are more than d? like sneezing m a hospital zone, it takes about 10 minutes to check the driver out at present. And thats a long time to stand facing the car with jour hands against the window and your legs spread "I missed the bridge club . . . and everybody slammed me!" entl SirtMay r 1M twru- - Nt FMusr hiimiiiiMiim!mMi;iiiiiiiritiiMMim!iiiiimiUMiMi)utimui,Hiii.J 1 |