In 1918 Mrs. Stephen V. Harkness gave $10,000,000 to establish the Commonwealth Fund. Subsequent donations have increased the endowment to a total of about $50,000,000, including $8,000,000 recently given by Edward S. Harkness, president of the Commonwealth Fund. These large sums have been dedicated to general philanthropic purposes without permanent restrictions. For the present, however, the income from $3,000,000 of the recent gift will be used for the development of rural hospitals, and the income from the other $5,000,000 for medical education and research.
The building of rural hospitals is not a new venture with the Commonwealth Fund, for it has already made possible ten hospitals in rural districts: two in Tennessee and one each in Maine, Ohio, Virginia, Kentucky, Mississippi, Oklahoma, Kansas and Utah. Eight of these are already in operation; another is nearing completion, and the tenth, in Provo, Utah, is still in the blueprint stage. The Commonwealth
THE COMMONWEALTH FUND. JAMA. 1938;110(3):213-214. doi:10.1001/jama.1938.02790030047014