The Alfred P. Sloan Foundation, Inc., was organized under this name in 1936. It is a non-profit membership corporation chartered under the laws of Delaware. The Foundation's charter restricts the activities of the corporation to those of an educational or philanthropic nature, but allows wide latitude within these classifications. The Trustees have confined the operations of the Foundation to economic research and education.
The Foundation is a grant-making agency. Its donees are fully accredited educational institutions, and its income is from an endowment established by Alfred P. Sloan. Jr., and from other gifts made by Mr. and Mrs. Sloan.
At present it is aiding educational institutions in strategic centers to develop various phases of social and economic education. In an attempt to train industrial leaders in the broader social aspects of their task, the Foundation sponsors a group of competitive fellowships at the Massachusetts Institute of Technology. The winners, young executives between the ages of twenty-five and thirty-five, whose previous training has been in engineering, spend twelve months in intensive study of human engineering as represented by the social sciences.
Through a weekly Sunday radio program at the University of Chicago, the Foundation is aiding adult education in economics. In nation-wide broadcasts, university professors and visiting statesmen discuss informally economic phases of national and international questions.
To equip college graduates for a new profession, that of appraiser of local government, the Foundation is helping to finance a curriculum in taxation and public expenditure at the University of Denver. Here, winners of fellowships in nation-wide competition take an 18-month course leading to the new degree of Master of Science in Government Management.
A national center of consumer education for adults and high school and college students has been established with Foundation funds at Stephens College, a junior college of 1,200 girls at Columbia, Mo. Its activities include the formulation of courses and study outlines for clubs and classes and a nation-wide distribution of pamphlets and bulletins.
The Foundation program includes, also, a grant to the Public Affairs Committee of New York for its series of pamphlets containing popular digests of recent economic research, issued throughout the year.
Motion pictures on various phases of economics for use in a new type of club or group meeting, to be known as 'The Film Forum,' are in contemplation as the object of a grant to some educational institution in the near future.
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