Monday, Jan. 05, 1959
$1,590 an Hour
The Rockefeller Foundation, which has been spending money on good works since 1913, has handed out a staggering $74,391,073 in the past two years, reported Foundation President Dean Rusk this week. In 1957 alone, awards covered such subjects as medical education and public health ($8,200,000), biological and medical research ($5,200,000), agriculture ($5,600,000), social sciences ($3,500,000), humanities ($10.8 million, including $7.5 million for the planned Lincoln Center for the Performing Arts in Manhattan). In the same year, 532 people from 53 countries held Rockefeller Foundation fellowships, pursued their specialties in 104 institutions located in 20 countries.
In all, the foundation has given away $642,762,415--or about $1,590 every hour, every day, for 45 years.
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