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San Antonio Express from San Antonio, Texas • Page 34

Location:
San Antonio, Texas
Issue Date:
Page:
34
Extracted Article Text (OCR)

Page 12-D SAN ANTONIO EXPRESS Wednesday, June 7, 1967 Assets of San Antonio Based Foundations Pass $25 Million Rv KEMPER IMFHL San Antonio-based foundations now have assets of more than $25 million and made than $1.2 million in grants during typical recent fiscal years, a new study of major founda- tonio-based organizations have revealed. While the total assets of San Antonio foundations a a modest in comparison with the more than $1 billion value of all Texas foundations, the compilation shows that the San Antoonio-based organizations have larger holdings than those of a number of states. The study is the third of a series prepared by the Foundation Library Venter and b- bshed in book form by the Russell Sage Foundation under the title Foundation Directory Trade Associations The study excludes certain foundations which act as trade associations, appeal publicity for funds or are restricted to aiding onh one or two institutions Those included have made grants totalling at least $10,000 in the year recorded or possessed assets of $200,000 or more. Generally speaking, the fiscal years included in the study were those of 1964 or 1965. depending on the foundation involved.

The study lisB essential information on each foundation studied and this discloses a total of 22 San Antonio based organizations with assets ling $25,003,091 During the last year of record. the San Antonio foundations received gifts totalling and made expenditures totalling $1,415,80. including $L- 241.640 in giants 312 in Texas Texas-based foundations talled 312. with assets of $069.729.000 These received gifts of $41,042,000 during the year studied and made expenditures totalling $46 327.000. including $41,029,000 in grants.

The cities of Galveston, Houston. Fort Worth and Dallas each had single foundations i boasted greater assets than the combined holdings of San Antonio foundations. At the same time, the San foundation assets ex- grants far out of proportion to ceeded those of the entire states income fiom a-sct The giants of the Texas hierarchy of foundations include the Solons Hit C7 Bomber Cut WASHINGTON (AP) The Pentagon has come in for rations are probably considerably newed criticism fiom congres.v more valuable than indicated men for cutting back the na- by the listings, since many of Ron's manned bomber force, them show only the ledger value ftc.p Glenard P. Lipscomb, of Maine. New Hampshire, Vermont, Rhode Island, North Dakota.

South Dakota, Kansas, West Virginia, Kentucky. Alabama. Mississippi. Arkansas, Montana, Idaho, Wyoming, New Mexico, Utah and Alaska. In all.

6,803 United States foundations are listed with assets totalling $19,927,000,000. Piper Fund Largest in S.A. It was pointed out that the holdings of San Antonio founda- and Robert L. Sikes, were the chief critics as Air Force officials described the cutbacks last month before a House appropriations subcommittee The testimony was made public Tuesday Congress included an extra $6 last vear to retain 45 of their assets and not the cur rent market value. The largest of the local foundations appear to be the Minnie Stevens Diper Fund and George Brackenridge Fund.

The Piper Fund lists assets with a market value of $5,853.132 the year ending Dec. 31. 1965. while the Brackenridge Fund shows a ledger value of million $5,173,481 for the year ending B52 bombers, but the Air Force the same date. used the money instead for Shown also for the i Southeast Asia operations and Fund were $36,065 in gifts re- put 23 of the planes in storage eeived; $292,213 in while keeping 25 in what it lures, including $229.023 in termed a ready status, grants.

A statement to the subeom- Listed for the Brackenridge mil tee by Mai. Gen. Jack G. fund were $264.935 in Catton, Air Force deputy chief tures, including $226.264 in of staff for programs and grants. sources, said the continued Both foundations are heavily phaseout of the a fast- mvolved the field of edu- cr rate than planned cation, particularly in scholar- taken to make additional pilots ships for college students.

and other necessary personnel Other Foundations available support of South- Donor of the Brackenridge easl Foundation was George W. It is shocking that we have Brackenridge in a trust estab- to phase out our B52 force il Died in 1922 The Piper Foun- cr than we had planned less dalion resulted from gifts of than a vear before. Randall Piper and Minnie piloly and addition Slovens Piper and was estab- nt'F Lipscomb sold, imbed 1950, other local foundations in- elude a number of what the report terms or personal WASHINGTON (AP) The which arc sot up Kprf.aj hepatitis through by living jx-rsons rather than group- of narcotic addicts shar- by bequest r-jo qg. same needle apparently Often these have negligible a cause of the sprcad- assets and serve as a channel mg of the liver disease in the for the current giving of a liv- United States. Public Health ing donor with the amount of Service officials said Tuesdav st to per get following: The Moody Foundation.

Galveston, with assets of The Sid Richardson Foundation, Fort Worth, the Robert A. Welch Foundation, Houston, 6S4, Houston Endowment Houston, $80,054,295 (donated by Mr. and Mrs. Jesse Jones); The Brown Foundation, Houston, the M. D.

Anderson Foundation, Houston, PH.256; The Meadows Foundation, Dallas, $32,382,291, and the Amon Carter Foundation, Fort Worth. $30.766,124. Johnson City Foundation Of interest is the study's report on The Johnson City Foundation which has assets of $667.948 and made gifts of $8,425. Donors, of course, are Mr. and Mrs.

Lyndon B. Johnson. The study notes that Texas Foundations now rank fourth in the nation in total assets (behind New York. Pennsylvania and Michigan) and it further notes that in the period between 1944 and 1905 Texas foundations increased 104 times and their assets increased 35 times. The Moody Foundation is now- ranked as twelfth largest in the United States with the Ford Foundation and its $3,050.000.000 in assets leading the parade.

Other San Antonio based foundations include: Burke Fund net worth gifts received. expenditures, $19.819 including $15,665 in grants. Rocco (A Educational Trust, assets $1.543.900: grants $40,750 Fund The Children's Fund, assets. $170.550: guts received. $10.610.

expenditures, $14,509 including $13,969 in grants, The GAG Halff Foundation, assets expenditures. $153.723 including $150,800 in urani The Sol and Fannie 11 a 1 Memorial Fund, assets $111.517: expenditures, $11.701 including $11.029 in grants, The Ewing Baiseli Fund, assets $69,177. expenditures $14.775 including $14.768 in grants. Handv-Andv Foundation of Texas, assets gifts received expenditures $19.895 all in grants. Hertha Issleib Foundation, assets gifts received $12,250, expenditures, $11.250 all in: grants.

Edwin M. Jones Foundation.i assets expendi-j lures, $8,380 including $8,100 in; grants. Kamko Foundation Kamko Foundation, gifts received, $4.255: expenditures, $1.997, including $1.075 in grants. Dr. George H.

Kilpatrick Memorial Trust, assets, $270.826:: expenditures, $15,302 including $13.299 in grants. Lang Charities, assets, gifts received, $25.000: $12.530 including $12.496 in grants. 1 Lean Foundat ion, assets, gifts received expenditures, $61,400 all in grants. Atari's and Verna McLean Foundation, assets $2,524.811: gifts received $120,382: expenditures, $258,784 including $228,941 in grants. V.

11. McNutt Memorial Fund, assets gifts received expenditures, $20,617 including $20.575 in grants. Parker Foundation, assets gifts received $10.571. expenditures $10,000, all in grants. Minnie Stevens Piper Foundation, assets, gifts received $36.065: expenditures $292 213 including $229,023 in grants.

Myra Stafford Pryor Charitable' Trust, $2.257.693: expenditures, $87,954 including $66,648 in grants. a Natural Resources Foundation, assets cx- penditures $12,394 including $8.000 in grants. Edgar Tobin Foundation, assets gifts received. expenditures, $34.395 including $33,652 gifts. Valley View Foundation, assets gifts received, $2,000.

expenditures $20,982 including $17.000 in grants. The Xachry Foundation, assets $314: gifts received. expenditures. $27.075 including $27.041 in grants. CONNALLY, EX-GOVERNOR TALK Massachusetts Gov.

Endicott Peabody, left, assistant director of the Office of Emergency Planning, meets with Gov. John Connaily after a meeting of the Texas Governor's Federal- State Conference in Austin. The meeting was held in an effort to remove some of the misunderstanding and defects from the federal grant system Telephoto. Connaily, Federal Officials Discuss Grant Program AUSTIN (AP) Better communication and a more modern state government are needed to smooth the path of federal grant programs in Texas, Gov John Connaily said remarks closed a morning-long meeting Hate agency heads and aoout 45 federal officials a Whi'e House-backed eifcii government programs untie ct- feetivc The director of the Oflicn of Emergence Planning, former Florida Gov. Farris Bryant, headed the team of officials who flew in from Washington Monday night.

2-Hour Meeting Texas government men met for two hours with their federal counterparts. They cited their criticism of the federal governments. heard the other side and talked over how matters could improved Connaily summarized the meeting. "It is imperative that we do have an opportunity to con.suIt with the federal establishment prior to the conception of these various programs, and certainly 1 0 fore they'tut vci in the concrete of standards and Connaily said He said all federal and state programs should be channeled" through "e-Jablislied lines of communication, where there i a responsibility to the people to carry out the programs The governor told the federal men of his failure to get annual 1 legislative sessions approved by the state Senate and of the n- refusal to act on constitutional of which he said are necessary to streamline state government. Calls It Imperative is abosoluuTy imperative to change our own structure of in order to coordinate state and federal programs, he said Bryant mid President Johnson has decreed that the role of fir tales bo strengthened.

Looking at ConnaiJv, Brayant. said pmt of Johnson's concern "rnuxl attributed to you Bryant, who has headed the federal team in visits to 40 Mate capitals, gave Connaily a framed autographed color photograph of Connaily frequently ha- the admiiu-tration of d- era! programs Some of Ins criticisms were repeated the sir.nlI group meeting of officials Say Flficieney Needed At the beginning of the meeting. Connaily said that turn federal grant program can La made more efficient, the able management crises of loo beggar the imagination He said Gate federal prosonlls are characterized by "misuriderstandings. disharrr.tv nv and. in many instances ufer largely to the federal grant program A DECLARATION OF CONSCIENCE for the Peace of Jerusalem (Psalms 1 As religious people committed to pursue peace and oppose evil, ice cannot remain silent in the face of threats by Arab leaders to destroy the people of the State of Israel.

We deplore and condemn such threats as a sin against Qod and humanity. We therefore call tration firmly to maintain its commitment to safeguard the integrity of the State of Israel and to restore the freedom of innocent passage through the Qulf of Aqaba, an international waterway, whose blockade President Johnson has called illegal, and potentially disastrous to the cause of peace. Before Qod, let us not be guilty of the sin of silence. Archbishop Robert E. Lucey Archdiocese of San Antonio Rt.

Rev. Everett H. Jones, The Most Rev. Stephen A. Leven, S.T.D.

O. Eugene Slater Bishop, Episcopal Diocese of West Texas Auxiliary to the Archbishop of San Antonio Methodhrt ChSwh Associate Pastor Fred Armstrong Woodlawn Methodist Church Rev. Cletus B. Beights Min Dun of Evangelism, Alamo i 1 eights Methodist. Church Rev.

Don Baugh Esecutive 8 retar Fan Antonio Council of Pastor Oliver Berglund Uuthman Very Rev. Louis J. Blume President, St, Cnivei-ity Mr. Roland Bremer 1 it -tru Directin', Mormon Church of the Latter Day Saint a Dr. B.

David Edens Minister of Cmirmebnv and Family Life, Trinity Baptist, Church The Reverend Henry B. Rector, St. Episcopal rhui Dr. Darrel Gray Rev. S.

H. James President, San Antonio Council of Minister Second Baptist Church I'urches: Pastor, Laurel Heights h.iuli Father James Karagas Pimbyter, Saint Sophias Greek Orthodox Church Dr. Edwin L. Kirtley Alamo Heights Christian Church Rev. W.

Langlanais, S.M. I lean. Arts and St. University Rev. James Hester Di.

t) i Director, Church of the Nazarene, San Antonio Disinet Rabbi Abraham I. Jacobson Congregation Rodfei Sholom Rabbi David Jacobson Temple Beth El Dr. John L. McMahon Assistant Pastor L. D.

Mahaney Fii -t Baptist Church Rev. Dr. George Mauze Sister Alacoque Power Rabbi Amratn Prero ongl egation Aguuas Ac him Rev, Dr. Samuel L. Terry Madison Square PreMiy torian PaMur, First Presbyterian Church Church Rev.

Geo. T. Montague, S.M. Father Lawrence Walsh tor, Graduate Studie- of A Pa St. Cecilia's Theology, St.

Univer ity Church TIME LIMITED NUMBER OF SIGNATURES.

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About San Antonio Express Archive

Pages Available:
222,366
Years Available:
1900-1977