Their Relation to Higher Educationae Einance 
25 
for example, are sometimes established to commemorate the memory of 
certain individuals. This is as good an incentive as the others, for while 
it is the erection of a monument to some individual, it serves, at the same 
time, purposes other than the individual one. It perpetuates an ideal as 
well as a name. 
Gifts to Higher Education 
Philanthropy has been generous to higher learning. According to 
the figures published by the U. S. Bureau of Education, it has given more 
to the advancement of higher education than it has to all other education 
combined. 
„ . . Gifts and Bequests to Higher Education 
Gifts and Bequests to 
All Education, Including Absolute Per Cent, of 
Higher Education Amount Total 
1910-12 $30,061,310 $28,185,999 92 
1912-14 31,357,398 29,927,138 92 
1914-16 37,093,280 34,845.551 94 
1916-18 29,856,568 27,450,945 91 
1918-20 67,417,156 65,286,159 95 
1920-22 78,330,790 77,400,756 99 
If all the money which has recently been given for the advancement 
of higher education in the way of research were added to the above, it 
would be found that this type of education has been receiving an increasing 
Proportion of the total amount of money which philanthrophy has given 
to education in general. There are three reasons for this: first, elementary 
and secondary education have been better provided for by the public 
than has higher education; second, money placed in higher education 
yields more immediate and conspicuous results—those who have large 
sums to give are generally more interested in the spreading of certain 
ideals and the advancement of knowledge along certain lines than they 
are in merely the development of youth in general; and third, the main- 
tenance of higher education is becoming increasingly more costly. 
Recent Gifts 
The question which presents itself now is whether Philanthropie 
sources of income will continue to be as generous as they have been. At 
first it might seem so, especially if we examine some of the large gifts which 
have been made recently. The J. B. Duke and G. Eastman donations 
together with the five million which Mr. G. F. Baker gave to the Harvard 
School of Business Administration are the most notable. The Eastman 
gift, in all, was more than fifty million, of which over forty million was for 
higher education. 13 This means that fifty-eight million dollars was given 
13 Editorial, “Millions for Higher Education”, Outlook, Dec. 17. 1924.