The Community Trust Idea is gaining ground in New York, Felix Warburg and other prominent bankers having joined in sponsoring the Trust to administer funds in small or large amounts for general or specific educational and philanthropic objects.
Regarding the opening of the organization Mr. Warburg said:
“Experience in Cleveland, Boston and elsewhere has indicated that the Community Trust plan can decrease obsolescence and reduce the waste involved in bequests that have ceased to serve useful purposes. It will tend to make benefactions more effective and less haphazard.”
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
