Untitled Page 62

GAVE AWAY $30,000,000.

MRS. STANFORD DEEDED THAT
SUM TO UNIVERSITY.

GREATEST GIFT EVER GIVEN TO AN
INSTITUTION — DONOR HAS MIL-
LIONS LEFT.

New York Sun special to The Express.

San Francisco, Cal., Dec. 9. — Today Mrs.
Jane L. Stanford transferred to Stanford
University, by deed, bonds, stocks and
real estate valued at $30,000,000, the larg-
est single gift ever bestowed on any in-
stitution of learning. Of this amount
$18,000,000 consists of gilt-edged bonds and
stocks, paying large revenue. The real
estate deeded to the university comprises
much of the property originally given by
Senator Stanford, but the deeds of which
were found to be illegal. The bonds in-
clude many securities that have doubled
in value within a few years and the ac-
cumulation of those and other stocks
since the death of her husband.

The real property deeded includes no
less than 900,000 acres in about twelve
counties of California and comprises the
great Vina ranch of 52,000 acres. A third
deed conveys to the university, Mrs. Stan-
ford's home on the summit of Nob Hill,
one of the most finely decorated houses
in San Francisco, which, with a big lot,
is worth $400,000. This will eventually be
converted into an art gallery and mu-
seum. Despite these big gifts, Mrs. Stan-
ford has retained property worth several
millions, so that she will be able to pro-
vide for many charities.

This gift places Stanford in the first
financial rank among the great universi-
ties of the world and will enable it to
carry out many projected movements.
Stanford University stands today as one
of the two great educational institutions
west of Missouri. With the University
of California it ranks in efficiency and
scope with Michigan, Chicago, Pennsyl-
vania and Cornell and possibly exceeds
any of them in financial backing.

Mrs. Stanford's purpose in turning over
$18,000,000 directly to trustees of the in-
stitution instead of holding bonds in trust
until her death was probably to avoid
any possible will contest.