TODAY AND TOMORROW

Senator Couzens' establishment of a ten million dollar fund for the betterment of the children of Michigan is not just another philanthropic foundation. For the entire principle and interest is to be spent within twenty-five years and none of the money is to go for scholastic research or for individual aid. The endowment will be used where it will show almost immediate and tangible results. Where others perhaps think for the good of the future in terms of dollars and the study of pure science, the Michigan senator prefers to deal with the human element, and to put it up to those who are benefited today to carry on tomorrow.

While the number of trust funds for charitable enterprise are not so numerous as to make the field closed to any newcomers, many people may feel that Senator Couzens' departure from the beaten path is timely. Much can be said about the advantages of a permanent fund for philanthropic purposes. But it is also possible that the seventeen and a half million dollars which the retired automobile manufacturer proposes to spend in the next quarter century will be more advantageous when used in a concentrated form than if strung out indefinitely and administered by future trustees.