William Volker and The Establishment of The Fund
William Volker was born in Hanover, Germany, in 1859, and his family immigrated to the United States in 1871 and settled in Chicago in October after the Great Fire destroyed portions of the city. According to his official biography, Volker “saw the operations of a vast spontaneous system of relief supported by charitable persons from every section of the world” (23). According to family tradition, the event convinced Volker of the power of private charity. As a young man, Volker moved to Kansas City, Missouri, were he started a home furnishings business, the William Volker & Co., which sold picture frames, blinds, and other home furnishings. As his fortune increased in the early 1900s, he secretly started giving most of it away.
Because of his secret charity, locals nicknamed Volker “Mr. Anonymous” and he became an important figure in Kansas City public life. He became an important Progressive civil reformer in the city who helped create important social-welfare programs such as the Board of the Pardons and Paroles and Board of Public Welfare.
In 1932, Volker set aside half of his fortune into the William Volker Charities Fund. The fund’s articles of incorporation claimed it would “care for the sick, aged and helpless”; “provide means and facilities for the physical, mental, moral and spiritual betterment of persons”; “improve living and working conditions”; and provide “education and educational facilities” (209–210).
Read more about this topic: William Volker Fund
Famous quotes containing the word fund:
“School success is not predicted by a child’s fund of facts or a precocious ability to read as much as by emotional and social measures; being self-assured and interested: knowing what kind of behavior is expected and how to rein in the impulse to misbehave; being able to wait, to follow directions, and to turn to teachers for help; and expressing needs while getting along with other children.”
—Daniel Goleman (20th century)