Having spent nearly $5,000,000 in the development and fostering of safe aviation, the Daniel Guggenheim Fund for the Promotion of Aeronautics will finish its work at the end of the year.
The fund, which has become internationally known for its fostering of independent aeronautical engineering prospects, for its large grants to American universities for the establishment and maintenance of aeronautical engineering schools, and for its work in the field of fog flying and aerial navigation, will conclude its evistence with additional grants to schools and colleges and with the establishment of an airship institute.
A additional donation of half a million dollars will be made to the fund immediately by Daniel F. Guggenheim, its founder, to round out this work.
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