The Charles E. Merrill Trust has made a grant of $35,000 to the Hebrew Union College-Jewish Institute of Religion, to be used for rabbinical student scholarships and Jewish graduate student fellowships, it was announced here today. Charles E. Merrill, for whom the Trust is named, was the founder of Merrill Lynch Pierce Fenner & Smith, Inc., America’s largest investment brokerage firm. Dr. Alfred Gottschalk, president of the College-Institute, stated:
“This grant demonstrates the deep awareness on the part of the Trust of the central place occupied by spiritual values in the fabric of American life and civilization. It significantly reflects their belief that in our society foundations close to business and finance must remain cognizant of their responsibility to support schools and institutions which serve the perpetuation of those values.”
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