Shortly after becoming president of the Rockefeller Foundation, Fosdick asks Gregg to "philosophize" with him about
the foundation and the results of the money it distributes.
Number of Image Pages:
1 (57,388 Bytes)
1936-07-29 (July 29, 1936)
Reproduced with permission of the Rockefeller Foundation.
"Notes on Giving"
Box Number: 12
Folder Number: 2
July 29, 1936
I am sorry not to have a chance to have a leisurely talk with you at my farm in Connecticut this summer, but I understand
that you have taken up your lodgings at South Tamworth instead of Cornwall Bridge. However we will postpone the exchange of
ideas until you get back.
I have nothing in particular to say except I'd like to have the chance to philosophize with you about the program of the
RF and the GEB. In the last six years the two organizations have spent approximately $140,000,000. This is a tremendous sum
of money. What mark has it left? Have we genuinely influenced the tide of human affairs by what we have done? I am not answering
these questions in the negative because I don't know what the answer is. I am merely wondering whether this $140,000,000
has been spent in ways that effectively increase the sum total of human happiness and welfare.
This is the kind of question that I should like to discuss with you in leisurely fashion when we could stretch ourselves out
on a grassy knoll and contemplate the world around us, but we'll have to do it in the fall. In the meantime I hope you
are having a grand rest - to which you are certainly entitled. Don't worry your head any about the affairs of the Foundation
- we'll have plenty of opportunity to do that later on.