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1957

The foundation’s capital challenge grant specialty comes into focus. Stanley says during a speech: “We operate under a broad charter with wide aims and purposes. We have no desire to close any avenue that in the judgement of the Trustees may lead to a better allocation of funds. In our experience, conditional grants have been very successful as incentives in the raising of large campaign funds. After all, individual giving is still the great benevolent asset and this field is, perhaps, relatively undeveloped.”