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Guggenheim Foundation Moves to Further Friendship Between Americas

June 11, 1929
See Original Daily Bulletin From This Date

The trustees of the John Simon Guggenheim Memorial Foundation announce a gift of $1,000,000 from former Senator and Mrs. Simon Guggenheim to establish a system of exchange fellowships between the United States and Latin America.

The fellowships will be open to citizens of Bolivia, Brazil, Chile, Mexico, Peru, Argentina and the United States. They will be granted for independent research, training in the various professions and study of political, social and scientific problems. Their value will be $2,500 for twelve months, plus a travel allowance. The first appointments in Latin-American countries will be made in Mexico next January.

In making this further gift to the organization he established in 1925, Mr. Guggenheim is looking toward a more intimate understanding between the republics of North and South America through the closer relationship of their scholars and professional men, as was advocated by the International Conference of American States in Havana in January, 1928.

“My brothers and I have long been engaged in commerce with many of the republics to the south of the United States.” Mr. Guggenheim said in the letter accompanying his gift, “and we know there are no longer any important factors of economic isolation separating us. But a similar commerce of things of the mind, of spiritual values, is yet to be accomplished. It is Mrs. Guggenheim’s and my hope that this new fund may assist in supplying that great need.”

While fellowships offered by the Foundation have been available since its inception for study in any country of the world, the number of applicants has been so large that the creation of a distinct system reserved for Latin-Americans on an exchange basis came to be regarded as a necessary extension of the Foundation’s work.

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