Rosenwald Fund

The Rosenwald Fund (also known as the Rosenwald Foundation, the Julius Rosenwald Fund, and the Julius Rosenwald Foundation) was established in 1917 by Julius Rosenwald and his family for "the well-being of mankind." Rosenwald became part-owner of Sears, Roebuck and Company in 1895, serving as its president from 1908 to 1922, and chairman of its Board of Directors until his death in 1932. He became interested in social issues, especially education for African Americans in the rural South, which was segregated and chronically underfunded. He provided funding through Dr. Booker T. Washington of the Tuskegee Normal and Industrial Institute (now known as Tuskegee University), a historically black college (HBCU), to support improving education for black children prior to founding the fund to establish a program to build rural schools for black children, primarily in the South.

Unlike other endowed foundations, which were designed to fund themselves in perpetuity, the Rosenwald Fund was designed to expend all of its funds for philanthropic purposes before a predetermined "sunset date." It donated over $70 million to public schools, colleges and universities, museums, Jewish charities, and black institutions before funds were completely depleted in 1948.

The rural school building program for African-American children was one of the largest programs administered by the Rosenwald Fund. Over $4.4 million in matching funds stimulated construction of more than 5,000 one-room schools (and larger ones), as well as shops and teachers' homes, mostly in the South, where public schools were segregated and black schools had been chronically underfunded. This was particularly so after disenfranchisement of most blacks from the political system in southern states at the turn of the 20th century. The Fund required white school boards to agree to operate such schools and to arrange for matching funds, in addition to requiring black communities to raise funds or donate property and labor to construct the schools. These schools, constructed to models designed by architects of Tuskegee Normal and Industrial Institute (now known as Tuskegee University), became known as "Rosenwald Schools." In some communities, surviving structures have been preserved and recognized as landmarks for their historical character and social significance. The National Trust for Historic Preservation has classified them as National Treasures.

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