Money Talks

U.S. big business, foundations and the colleges continued to report a cheering ground swell of private aid to education:

P:The Methodist Board of Education announced that more than $28 million was donated to Methodist colleges during 1954, $11 million from foundations (e.g., Ford, Rockefeller), the rest from business concerns, church groups and individuals.

P:Du Pont will spend $800,000 on education in 1955-56: $75,000 will finance graduate study by high-school teachers of science and mathematics; the balance will go for advanced scientific training and research in more than 100 universities and colleges.

P:To promote study of international legal problems, the Ford Foundation gave $4,650,000 to four top U.S. law schools: Columbia, Harvard, Michigan, Stanford.

P:Bethlehem Steel announced that $321,000 has been granted in the past two years to 30 privately endowed institutions under a special alumni plan: each young man, after four months in the company's college-graduate training program, automatically qualifies his alma mater (if privately endowed) for an unrestricted $3,000 gift from Bethlehem. Said Bethlehem Board Chairman Eugene G. Grace: "[Thus] Bethlehem gives recognition to the fact that four years of education cost a college more than it receives from the students in tuition . . . and that his education makes the college graduate a valuable asset in the conduct of Bethlehem's business."

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