Russell Sage Foundation - History

History

...with the fortune she inherited from her late husband, Russell Sage

One of the oldest American foundations, the Russell Sage Foundation was established in 1907 for "the improvement of social and living conditions in the United States" by a gift of $10 million from Margaret Olivia Slocum Sage (1828–1918), widow of railroad magnate and financier Russell Sage. Mrs. Sage directed the foundation to pursue its mission through a broad set of activities, including "research, publication, education, the establishment and maintenance of charitable or benevolent activities, agencies and institutions, and the aid of any such activities, agencies, or institutions already in existence." Her will added a $5 million bequest in 1917.

Read more about this topic:  Russell Sage Foundation

Famous quotes containing the word history:

    To summarize the contentions of this paper then. Firstly, the phrase ‘the meaning of a word’ is a spurious phrase. Secondly and consequently, a re-examination is needed of phrases like the two which I discuss, ‘being a part of the meaning of’ and ‘having the same meaning.’ On these matters, dogmatists require prodding: although history indeed suggests that it may sometimes be better to let sleeping dogmatists lie.
    —J.L. (John Langshaw)

    America is, therefore the land of the future, where, in the ages that lie before us, the burden of the World’s history shall reveal itself. It is a land of desire for all those who are weary of the historical lumber-room of Old Europe.
    Georg Wilhelm Friedrich Hegel (1770–1831)

    There is no example in history of a revolutionary movement involving such gigantic masses being so bloodless.
    Leon Trotsky (1879–1940)