Abstract :
Since 1914, when Ambrose Swasey established the Engineering Foundation, the idea of such a national research institution has gained ground steadily and surely. The income from the Foundation which in 1915 was $5000, has increased to $30,000; Mr. Swasey´s several gifts totaled $500,000; there has been $50,000 from Henry R. Towne, $50,000 from Edward Dean Adams, and $10,000 from Seeley W. Mudd. In connection with the cooperative projects in which the Foundation has participated, many donations of equipment, materials for research, services, and money have been made and several wills of persons still living are known to contain bequests.
