The Bulletin of News and Notes Related to Fund-Raising - Vol.4 - No.7

Sep 21, 2026

Bulletin issue detailing U.S. fund-raising developments and related news for April 29, 1958. Reports include corporate philanthropy trends from 1953–1955, with active corporations, contribution totals, and shares of net income. Summarizes projected capital needs of non-profit hospitals over the following 20 years and notes specific philanthropic grants. Highlights education-focused gifts, scholarships, fellowships, and foundation funding across universities and programs.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages8

Reading Time20 min

AccessFree to download

CORPORATE__cONTRIBUT IONS

Capital Needs of Non-Profit Ho_spitals

For__Education

G OIN G UP VOLUNTARYSUPPOR T OFAMERICA'S COLLEGES AND UNIVER SITIE S

PLEASE DO NOT REMOV A Compilation # TheBulletin of News and Notes Related to # of THE AMERICAN ASS0CIATI0N 0F FUND-RAISING C0UN SEL Fund-Raising aY I-58 April 29,1958 No.7 Vol.4 QUOTE "Support for education should include,needless to say,support for agenciesof self-education,often the best means of individual improvement.These agencies,such as libraries,museums,public lectures,educational television,and adulteducation courses,are highly dependent on public resources.As leisure increases.......self-education will no doubt greatly expand and will call for wider publicsupport."Economic Growth in the United States -Committee on Economic Development. ## CORPORATE__cONTRIBUT IONS to philanthropy increased $103,477,000 in 1955,over the contributions in 1954,according to preliminary statistics recently released by the Internal Revenue Service. In 1955,807,303 active corporations reported contributions of $414,759,000,or 0.87 per cent of their net income of $47,949,316,000 before taxes. In 1954,701,299 active corporations reported contributions of $311,282,000,or 0.85 per cent of their net income of $36,538,211,000 before taxes. In 1953,prior to the termination of the excess profits taxes,corporatecontributions were reported at $494,517,000,or 1.24 per cent of the net incomebefore taxes of $39,929,204,000. ## CAPITAL NEEDS OF NON-PROFIT HO SPITALS for the next 20 years:have been projected by John T.Ryan,Jr.,President of the Hospital Council of Western Pennsylvania,in Trustee,as follows: $1.8 billion will be required to meet the shortage in ndn-profit generalhospitals,or $90 million a year; $3 billion will be required for replacement of obsolete beds in non-profithospitals,or $150 million a year; $185 million will be needed for an additional 12,375 beds each year to meetpopulation increase; $76 million will be needed annually for improvements to keep hospitalscurrent with advances in me dical science. The total to meet all of the above needs would require $501 million annually. Ford Foundation makes conditional grant of $10 million for Lincoln Centerfor Performing Arts,New York,in addition to previous $2.5 million grant;also grant of $75.000 to Tulane University for historical records related tojazz;and to the New England Opera Company,$40,000 for development oflightweight opera scenery. ## For__Education Mrs.Alfred I.du Pont makes $195,250 gift to Hollins College for endowment.。.....United States Steel gives $10,000 to Union College Kentucky,toward men'sdormitory.......Kroger Company allocates $25,000 for scholarships .......Inter-national Harvester Company and Foundation gives $105,000 to 39 state associationsof private colleges.......General Motors Corporation announces 1,200 students nowreceiving GM scholarships;program when fully operative will cost more than$5 millionannually. Creole Foundation of Venezuela makes $30,000 grant to MIT for researchand education in soil engineering.......Maurice and Laura Falk Foundation makes$53,200 grant to Michigan State University Department of Political Science.......Rockefeller Foundation makes $100,000 grant to Columbia for advanced sciencewriting program. Fund for the Advancement of Education makes $40,000 grant to MountSt.Scholastica College,Atchinson,Kansas,for evaluation of teaching by taperecording.......Fund for Adult Education awards fellowships totaling $205,000to forty fellows in field of education,journalism and broadcasting. United States Steel Foundation makes $25,000 gift to Westmont College,California,to help finance development leading to regional accreditation ....··Commonwealth Fund_gives $203,945 to National League for Nursing for graduateeducation in nursing;and $60,000 to University of Buffalo School of Medicine forprogram of teacher training. Irene Heinz Given and John La Porte Given Foundation of New York,makes$100,000 gift to Middlebury College for library.......Roy Church gives $50,000for loan fund at llinois We

FAQs

What trend in corporate contributions to philanthropy is reported for 1954 and 1955?

Contributions to philanthropy increased by $103,477,000 in 1955 compared with 1954. The bulletin also lists the number of active corporations and the total contribution amounts for each year.

How are the capital needs of non-profit hospitals quantified for the next 20 years?

The bulletin projects $1.8 billion for shortages in non-profit general hospitals, $3 billion for replacement of obsolete beds, $185 million annually for additional beds, and $76 million annually for improvements. It concludes the total would require $501 million each year.

What types of education funding are highlighted in the education section?

The bulletin lists gifts to colleges for endowments, grants supporting research and teaching evaluation, scholarships, fellowships, and support for programs such as nursing graduate education and international conferences.

Sep 21, 2026

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