Charles Edison Fund




 

Charles Edison

A son of Thomas Alva Edison, Charles Edison was Secretary of the Navy, Governor of New Jersey and a nationally recognized corporate executive. He died July 31, 1969, three days shy of his seventy-ninth birthday.

The "Brook"

What is now the Charles Edison Fund was incorporated by Mr. Edison on March 3, 1948 as The Brook Foundation (the "Brook"). His choice of the name was prompted by his recollection of a Sunday School song from the days of his childhood.

Written by Lucy Wheelock, a pioneer in kindergarten education, the song carried these words:

Give, said the little brook,
Give, oh give - give, oh give
Give, said the little brook,
Oh give, oh give away

I am little I know, but wherever I go
I give, I give, I give.
I am little I know, but wherever I go
I give, I give away.
Giving, giving all the day;
Give, oh give, oh give away.
Giving, giving all the day,
I give, I give away.

The Brook name was retained until shortly after Mr. Edison's passing at which time the Trustees renamed it the Charles Edison Fund. In this description, the word Fund also applies to the period when the name was the Brook.

Charles Edison's Motivation

Mr. Edison was fifty-eight when he created the Fund. Motivating this action was his desire to disassociate insofar as possible his personal philanthropies from the vagaries of year-to-year fluctuations in the economy which, almost invariably in the past, had influenced his level of giving to the many deserving causes to which he was a contributor. This was no idle fancy on his part because, virtually simultaneously, he instituted a similar system within Thomas A. Edison, Incorporated, the company he headed and of which he was the majority stockholder.

His Theory and Goals

Since organizations dependent on charitable contributions have budgetary problems comparable to those confronting individuals and for-profit corporations, it is equally important for recipient charities to be able to estimate annual levels of giving by their benefactors. Mr. Edison, therefore, decided he would build up a surplus in the Fund, funnel much of his personal philanthropies through it, and thereby make it possible to maintain his level of giving in bad as well as good years.

This was his short-range goal. His long-range goal, however, was that of creating an institution capable of carrying on after his passing. A childless widower at the time of death, Mr. Edison bequeathed the bulk of his multi-million-dollar estate to the Fund.

In addition to assisting other qualified organizations financially, the Fund operates two substantial public sector programs on its own.

 

 






Charles Edison Fund
One Riverfront Plaza, Fourth Floor
Newark, New Jersey 07102
Voice: +1 973-648-0500
Fax: +1 973-648-0400
e-mail: info@charlesedisonfund.org



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