Haskins & Sells Foundation;

              ATLANTA
BALTIMORE
BOSTON
BUFFALO
CHARLOTTE
CHATTANOOGA
CHICAGO
PORTLAND
HASKINS & S E L LS
CERTIFIED PUBLIC ACCOUNTANTS
PROVIDENCE
SAINT LOUIS
SAN DIEGO
SAN FRANCISCO
SEATTLE
TULSA
CINCINNATI WATERTOWN
CLEVELAND
DALLAS BULLETIN DENVER DETROIT BERLIN
JACKSONVILLE LONDON
KANSAS CITY MANILA
LOS ANGELES PARIS
MINNEAPOLIS SHANGHAI
NEWARK
NEW ORLEANS EXECUTIVE OFFICES
NEW YORK 16 BROAD STREET. NEW YORK HAVANA
PHILADELPHIA MEXICO CITY
PITTSBURGH MONTREAL
VOL. X I V (QUARTERLY) NEW YORK, APRIL, 1931 No. 2
HASKINS & SELLS FOUNDATION,
INC., was created for the purpose of
establishing an organization, separate from
the firm, which might be endowed with
funds to provide, among other benevo­lences,
for payments to members of the
Haskins & Sells organization who, through
age or disability, might become unable to
pursue their work and maintain their
families.
The Foundation was created on October
26, 1928. It resulted from a realization of
the partners that, inasmuch as the firm
had been in existence thirty-three years,
there were a number of loyal and devoted
members of the organization who were de­serving
of recognition for their long years
of effort. The feeling existed that these
members might be relieved in mind if they
could look forward to some compensating
assistance when they might have reached
the point where they would be able no
longer to carry on, in whole or in part,
their strenuous and exacting activities. It
was felt also that the anxiety of younger
members of the organization as to the
future might be relieved if the desire and
intent of the firm in these matters were to
be made known to such members.
The Foundation is organized under the
membership corporation law of the State
of New York. It is not permitted to
operate for profit, except in so far as in­come
from investments may be so inter­preted.
No principal or officer is per­mitted
to receive any compensation what­ever
for services rendered in connection
with the administration of the Foundation.
Through generous individual gifts from
some members of the firm, and through
donations made by the firm from time to
time, the Foundation is now possessed of
a substantial sum invested in high-grade
securities. Benefits already have been ex­tended
in a few cases on account of long
service and for the education of children of
deceased members.
The granting of benefits is not pre­scribed
by any definite rules. Each case
is to be considered on its merits and will
be treated with as much liberality as the
means available and the case warrant.
Benefits, in appropriate instances, will be
extended to the families of deceased or
incapacitated members. There is no obli­gation
on any one in the organization to
pay anything to the Foundation in order
that he or she may be eligible to receive
its benefits. Every sum received by the
Foundation has been given voluntarily.
The Foundation should be cause for sat­isfaction
and assurance to the loyal mem­bers
of our organization. It should make
them realize that some protection awaits
them in their later years when their capac­ity
to render a full measure of service has
The Haskins & Sells Foundation