Philanthropy
In 1947, Dan Rice set up the Daniel F. and Ada L. Rice Foundation. In the next forty years, the foundation made $12.4 million through 1,257 grants. As of 1988, the Rice Foundation had accumulated over $60 million. This money was donated to worthy causes such as endangered species, programs for abused children and medical research to support further advancement in areas such as rare illnesses and diseases. Dan and Ada Rice donated $10 million to the Art Institute of Chicago, $3 million to the Shedd Aquarium, $2 million to the Chicago History Museum (formerly known as the Chicago Historical Society), and $100,000 to the Boy Scouts of America for a camping facility for handicapped Scouts. Additionally, the Rice Foundation contributed to the Morton Arboretum to support the growth and research of elm trees and as a result a hybrid of an elm tree is named for them, the Danada Charm. Not only did the Rices donate money but they also donated land. They gave about 19 acres (77,000 m2) for the Illinois Institute of Technology campus and 13 acres (53,000 m2) to the Wheaton Park District for a water park and community center.
Read more about this topic: Dan And Ada Rice
Famous quotes containing the word philanthropy:
“I shall not be forward to think him mistaken in his method who quickest succeeds to liberate the slave. I speak for the slave when I say that I prefer the philanthropy of Captain Brown to that philanthropy which neither shoots me nor liberates me.”
—Henry David Thoreau (1817–1862)
“... the hey-day of a woman’s life is on the shady side of fifty, when the vital forces heretofore expended in other ways are garnered in the brain, when their thoughts and sentiments flow out in broader channels, when philanthropy takes the place of family selfishness, and when from the depths of poverty and suffering the wail of humanity grows as pathetic to their ears as once was the cry of their own children.”
—Elizabeth Cady Stanton (1815–1902)
“Almost every man we meet requires some civility,—requires to be humored; he has some fame, some talent, some whim of religion or philanthropy in his head that is not to be questioned, and which spoils all conversation with him. But a friend is a sane man who exercises not my ingenuity, but me.”
—Ralph Waldo Emerson (1803–1882)