Education: Gifts

An Italian banker in California and a group of Vermont citizens last week gave up dollars in the cause of learning. Amadeo Giannini, founder of the Bank of Italy in California, deposited a million and a half to the credit of the University of California. Though head of the largest banking organization in the U. S., Giannini refuses wealth. His gift to education was a gift to him, representing five per cent of the bank’s profits last year voted to him by his directors. It will establish the Giannini Foundation of Agricultural Economics. Simultaneously shrewd Yankees in Vermont raised a six million dollar endowment for a college at Bennington. The students will be women; their studies designed specially to develop special talents; the curriculum fashioned to prepare students for “problems of a modern woman’s world.”